420 minus 5% tax (net)
400
420 ÷ (1 + 5%) = 420 ÷ 1.05 = 400
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Removing 5% tax from 420 gives a net price of 400. The tax portion is 20.
| Gross amount | 420 |
| Tax (5%) | 20 |
| Net (gross − tax) | 400 |
Frequently asked questions
- Remove 5% tax from 420? Removing 5% tax from 420 gives a net price of 400. The tax portion is 20.
- What is the formula? 420 ÷ (1 + 5%) = 420 ÷ 1.05 = 400