1,050 minus 20% tax (net)
875
1,050 Γ· (1 + 20%) = 1,050 Γ· 1.2 = 875
β
Removing 20% tax from 1,050 gives a net price of 875. The tax portion is 175.
| Gross amount | 1,050 |
| Tax (20%) | 175 |
| Net (gross β tax) | 875 |
Frequently asked questions
- Remove 20% tax from 1,050? Removing 20% tax from 1,050 gives a net price of 875. The tax portion is 175.
- What is the formula? 1,050 Γ· (1 + 20%) = 1,050 Γ· 1.2 = 875