47.99 minus 20% tax (net)
40
47.99 ÷ (1 + 20%) = 47.99 ÷ 1.2 = 40
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Removing 20% tax from 47.99 gives a net price of 40. The tax portion is 8.
| Gross amount | 47.99 |
| Tax (20%) | 8 |
| Net (gross − tax) | 40 |
Frequently asked questions
- Remove 20% tax from 47.99? Removing 20% tax from 47.99 gives a net price of 40. The tax portion is 8.
- What is the formula? 47.99 ÷ (1 + 20%) = 47.99 ÷ 1.2 = 40