104.5 minus 7% tax (net)
97.67
104.5 ÷ (1 + 7%) = 104.5 ÷ 1.07 = 97.67
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Removing 7% tax from 104.5 gives a net price of 97.67. The tax portion is 6.84.
| Gross amount | 104.5 |
| Tax (7%) | 6.84 |
| Net (gross − tax) | 97.67 |
Frequently asked questions
- Remove 7% tax from 104.5? Removing 7% tax from 104.5 gives a net price of 97.67. The tax portion is 6.84.
- What is the formula? 104.5 ÷ (1 + 7%) = 104.5 ÷ 1.07 = 97.67