67.2 minus 8% tax (net)
62.23
67.2 ÷ (1 + 8%) = 67.2 ÷ 1.08 = 62.23
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Removing 8% tax from 67.2 gives a net price of 62.23. The tax portion is 4.98.
| Gross amount | 67.2 |
| Tax (8%) | 4.98 |
| Net (gross − tax) | 62.23 |
Frequently asked questions
- Remove 8% tax from 67.2? Removing 8% tax from 67.2 gives a net price of 62.23. The tax portion is 4.98.
- What is the formula? 67.2 ÷ (1 + 8%) = 67.2 ÷ 1.08 = 62.23