29.97 minus 20% tax (net)
24.98
29.97 ÷ (1 + 20%) = 29.97 ÷ 1.2 = 24.98
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Removing 20% tax from 29.97 gives a net price of 24.98. The tax portion is 5.
| Gross amount | 29.97 |
| Tax (20%) | 5 |
| Net (gross − tax) | 24.98 |
Frequently asked questions
- Remove 20% tax from 29.97? Removing 20% tax from 29.97 gives a net price of 24.98. The tax portion is 5.
- What is the formula? 29.97 ÷ (1 + 20%) = 29.97 ÷ 1.2 = 24.98