120 minus 25% tax (net)
96
120 ÷ (1 + 25%) = 120 ÷ 1.25 = 96
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Removing 25% tax from 120 gives a net price of 96. The tax portion is 24.
| Gross amount | 120 |
| Tax (25%) | 24 |
| Net (gross − tax) | 96 |
Frequently asked questions
- Remove 25% tax from 120? Removing 25% tax from 120 gives a net price of 96. The tax portion is 24.
- What is the formula? 120 ÷ (1 + 25%) = 120 ÷ 1.25 = 96