720 minus 20% tax (net)
600
720 Γ· (1 + 20%) = 720 Γ· 1.2 = 600
β
Removing 20% tax from 720 gives a net price of 600. The tax portion is 120.
| Gross amount | 720 |
| Tax (20%) | 120 |
| Net (gross β tax) | 600 |
Frequently asked questions
- Remove 20% tax from 720? Removing 20% tax from 720 gives a net price of 600. The tax portion is 120.
- What is the formula? 720 Γ· (1 + 20%) = 720 Γ· 1.2 = 600