1,020 minus 20% tax (net)
850
1,020 รท (1 + 20%) = 1,020 รท 1.2 = 850
โ
Removing 20% tax from 1,020 gives a net price of 850. The tax portion is 170.
| Gross amount | 1,020 |
| Tax (20%) | 170 |
| Net (gross โ tax) | 850 |
Frequently asked questions
- Remove 20% tax from 1,020? Removing 20% tax from 1,020 gives a net price of 850. The tax portion is 170.
- What is the formula? 1,020 รท (1 + 20%) = 1,020 รท 1.2 = 850