128.4 minus 7% tax (net)
120
128.4 ÷ (1 + 7%) = 128.4 ÷ 1.07 = 120
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Removing 7% tax from 128.4 gives a net price of 120. The tax portion is 8.4.
| Gross amount | 128.4 |
| Tax (7%) | 8.4 |
| Net (gross − tax) | 120 |
Frequently asked questions
- Remove 7% tax from 128.4? Removing 7% tax from 128.4 gives a net price of 120. The tax portion is 8.4.
- What is the formula? 128.4 ÷ (1 + 7%) = 128.4 ÷ 1.07 = 120