42.24 minus 20% tax (net)
35.2
42.24 ÷ (1 + 20%) = 42.24 ÷ 1.2 = 35.2
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Removing 20% tax from 42.24 gives a net price of 35.2. The tax portion is 7.04.
| Gross amount | 42.24 |
| Tax (20%) | 7.04 |
| Net (gross − tax) | 35.2 |
Frequently asked questions
- Remove 20% tax from 42.24? Removing 20% tax from 42.24 gives a net price of 35.2. The tax portion is 7.04.
- What is the formula? 42.24 ÷ (1 + 20%) = 42.24 ÷ 1.2 = 35.2