71.42 minus 7% tax (net)
66.74
71.42 ÷ (1 + 7%) = 71.42 ÷ 1.07 = 66.74
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Removing 7% tax from 71.42 gives a net price of 66.74. The tax portion is 4.67.
| Gross amount | 71.42 |
| Tax (7%) | 4.67 |
| Net (gross − tax) | 66.74 |
Frequently asked questions
- Remove 7% tax from 71.42? Removing 7% tax from 71.42 gives a net price of 66.74. The tax portion is 4.67.
- What is the formula? 71.42 ÷ (1 + 7%) = 71.42 ÷ 1.07 = 66.74