142.5 minus 20% tax (net)
118.75
142.5 ÷ (1 + 20%) = 142.5 ÷ 1.2 = 118.75
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Removing 20% tax from 142.5 gives a net price of 118.75. The tax portion is 23.75.
| Gross amount | 142.5 |
| Tax (20%) | 23.75 |
| Net (gross − tax) | 118.75 |
Frequently asked questions
- Remove 20% tax from 142.5? Removing 20% tax from 142.5 gives a net price of 118.75. The tax portion is 23.75.
- What is the formula? 142.5 ÷ (1 + 20%) = 142.5 ÷ 1.2 = 118.75