42.01 minus 20% tax (net)
35
42.01 ÷ (1 + 20%) = 42.01 ÷ 1.2 = 35
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Removing 20% tax from 42.01 gives a net price of 35. The tax portion is 7.
| Gross amount | 42.01 |
| Tax (20%) | 7 |
| Net (gross − tax) | 35 |
Frequently asked questions
- Remove 20% tax from 42.01? Removing 20% tax from 42.01 gives a net price of 35. The tax portion is 7.
- What is the formula? 42.01 ÷ (1 + 20%) = 42.01 ÷ 1.2 = 35