67.42 minus 8% tax (net)
62.42
67.42 ÷ (1 + 8%) = 67.42 ÷ 1.08 = 62.42
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Removing 8% tax from 67.42 gives a net price of 62.42. The tax portion is 4.99.
| Gross amount | 67.42 |
| Tax (8%) | 4.99 |
| Net (gross − tax) | 62.42 |
Frequently asked questions
- Remove 8% tax from 67.42? Removing 8% tax from 67.42 gives a net price of 62.42. The tax portion is 4.99.
- What is the formula? 67.42 ÷ (1 + 8%) = 67.42 ÷ 1.08 = 62.42