144 minus 20% tax (net)
120
144 ÷ (1 + 20%) = 144 ÷ 1.2 = 120
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Removing 20% tax from 144 gives a net price of 120. The tax portion is 24.
| Gross amount | 144 |
| Tax (20%) | 24 |
| Net (gross − tax) | 120 |
Frequently asked questions
- Remove 20% tax from 144? Removing 20% tax from 144 gives a net price of 120. The tax portion is 24.
- What is the formula? 144 ÷ (1 + 20%) = 144 ÷ 1.2 = 120