145.2 minus 21% tax (net)
120
145.2 ÷ (1 + 21%) = 145.2 ÷ 1.21 = 120
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Removing 21% tax from 145.2 gives a net price of 120. The tax portion is 25.2.
| Gross amount | 145.2 |
| Tax (21%) | 25.2 |
| Net (gross − tax) | 120 |
Frequently asked questions
- Remove 21% tax from 145.2? Removing 21% tax from 145.2 gives a net price of 120. The tax portion is 25.2.
- What is the formula? 145.2 ÷ (1 + 21%) = 145.2 ÷ 1.21 = 120