106.5 minus 20% tax (net)
88.75
106.5 ÷ (1 + 20%) = 106.5 ÷ 1.2 = 88.75
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Removing 20% tax from 106.5 gives a net price of 88.75. The tax portion is 17.75.
| Gross amount | 106.5 |
| Tax (20%) | 17.75 |
| Net (gross − tax) | 88.75 |
Frequently asked questions
- Remove 20% tax from 106.5? Removing 20% tax from 106.5 gives a net price of 88.75. The tax portion is 17.75.
- What is the formula? 106.5 ÷ (1 + 20%) = 106.5 ÷ 1.2 = 88.75