88.8 minus 20% tax (net)
74
88.8 ÷ (1 + 20%) = 88.8 ÷ 1.2 = 74
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Removing 20% tax from 88.8 gives a net price of 74. The tax portion is 14.8.
| Gross amount | 88.8 |
| Tax (20%) | 14.8 |
| Net (gross − tax) | 74 |
Frequently asked questions
- Remove 20% tax from 88.8? Removing 20% tax from 88.8 gives a net price of 74. The tax portion is 14.8.
- What is the formula? 88.8 ÷ (1 + 20%) = 88.8 ÷ 1.2 = 74