Rocket propellant is the onboard material expelled to produce rocket thrust. A chemical rocket normally carries both fuel and oxidizer; both contribute to its mass and to the expelled material. In the ideal rocket equation, , with fixed rocket dry mass and decreasing remaining rocket propellant. [ref]
In an ideal rocket equation calculation where all expelled rocket propellant is called fuel, the rocket fuel fraction is its initial mass divided by the total initial mass, including payload and structure. Complete consumption leaves rocket dry mass and rocket mass ratio . The payload is one component of , not an additional mass to add to an already inclusive .
In this ideal rocket equation model, rocket dry mass is the mass remaining after all usable rocket propellant has been expelled: structure, engines and payload. It is the final mass in the worked example; if rocket propellant remains at shutdown, the final mass is larger than the rocket dry mass.
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