118 minus 18% tax (net)
100
118 ÷ (1 + 18%) = 118 ÷ 1.18 = 100
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Removing 18% tax from 118 gives a net price of 100. The tax portion is 18.
| Gross amount | 118 |
| Tax (18%) | 18 |
| Net (gross − tax) | 100 |
Frequently asked questions
- Remove 18% tax from 118? Removing 18% tax from 118 gives a net price of 100. The tax portion is 18.
- What is the formula? 118 ÷ (1 + 18%) = 118 ÷ 1.18 = 100