106.48 minus 20% tax (net)
88.74
106.48 ÷ (1 + 20%) = 106.48 ÷ 1.2 = 88.74
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Removing 20% tax from 106.48 gives a net price of 88.74. The tax portion is 17.75.
| Gross amount | 106.48 |
| Tax (20%) | 17.75 |
| Net (gross − tax) | 88.74 |
Frequently asked questions
- Remove 20% tax from 106.48? Removing 20% tax from 106.48 gives a net price of 88.74. The tax portion is 17.75.
- What is the formula? 106.48 ÷ (1 + 20%) = 106.48 ÷ 1.2 = 88.74