74.97 minus 20% tax (net)
62.48
74.97 ÷ (1 + 20%) = 74.97 ÷ 1.2 = 62.48
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Removing 20% tax from 74.97 gives a net price of 62.48. The tax portion is 12.5.
| Gross amount | 74.97 |
| Tax (20%) | 12.5 |
| Net (gross − tax) | 62.48 |
Frequently asked questions
- Remove 20% tax from 74.97? Removing 20% tax from 74.97 gives a net price of 62.48. The tax portion is 12.5.
- What is the formula? 74.97 ÷ (1 + 20%) = 74.97 ÷ 1.2 = 62.48