1,200 minus 20% tax (net)
1,000
1,200 รท (1 + 20%) = 1,200 รท 1.2 = 1,000
โ
Removing 20% tax from 1,200 gives a net price of 1,000. The tax portion is 200.
| Gross amount | 1,200 |
| Tax (20%) | 200 |
| Net (gross โ tax) | 1,000 |
Frequently asked questions
- Remove 20% tax from 1,200? Removing 20% tax from 1,200 gives a net price of 1,000. The tax portion is 200.
- What is the formula? 1,200 รท (1 + 20%) = 1,200 รท 1.2 = 1,000