72.42 minus 7% tax (net)
67.68
72.42 ÷ (1 + 7%) = 72.42 ÷ 1.07 = 67.68
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Removing 7% tax from 72.42 gives a net price of 67.68. The tax portion is 4.74.
| Gross amount | 72.42 |
| Tax (7%) | 4.74 |
| Net (gross − tax) | 67.68 |
Frequently asked questions
- Remove 7% tax from 72.42? Removing 7% tax from 72.42 gives a net price of 67.68. The tax portion is 4.74.
- What is the formula? 72.42 ÷ (1 + 7%) = 72.42 ÷ 1.07 = 67.68