71.42 minus 20% tax (net)
59.52
71.42 ÷ (1 + 20%) = 71.42 ÷ 1.2 = 59.52
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Removing 20% tax from 71.42 gives a net price of 59.52. The tax portion is 11.9.
| Gross amount | 71.42 |
| Tax (20%) | 11.9 |
| Net (gross − tax) | 59.52 |
Frequently asked questions
- Remove 20% tax from 71.42? Removing 20% tax from 71.42 gives a net price of 59.52. The tax portion is 11.9.
- What is the formula? 71.42 ÷ (1 + 20%) = 71.42 ÷ 1.2 = 59.52