120 minus 20% tax (net)
100
120 Γ· (1 + 20%) = 120 Γ· 1.2 = 100
β
Removing 20% tax from 120 gives a net price of 100. The tax portion is 20.
| Gross amount | 120 |
| Tax (20%) | 20 |
| Net (gross β tax) | 100 |
Frequently asked questions
- Remove 20% tax from 120? Removing 20% tax from 120 gives a net price of 100. The tax portion is 20.
- What is the formula? 120 Γ· (1 + 20%) = 120 Γ· 1.2 = 100