142.4 minus 20% tax (net)
118.67
142.4 ÷ (1 + 20%) = 142.4 ÷ 1.2 = 118.67
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Removing 20% tax from 142.4 gives a net price of 118.67. The tax portion is 23.73.
| Gross amount | 142.4 |
| Tax (20%) | 23.73 |
| Net (gross − tax) | 118.67 |
Frequently asked questions
- Remove 20% tax from 142.4? Removing 20% tax from 142.4 gives a net price of 118.67. The tax portion is 23.73.
- What is the formula? 142.4 ÷ (1 + 20%) = 142.4 ÷ 1.2 = 118.67