74.2 minus 8% tax (net)
68.7
74.2 ÷ (1 + 8%) = 74.2 ÷ 1.08 = 68.7
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Removing 8% tax from 74.2 gives a net price of 68.7. The tax portion is 5.5.
| Gross amount | 74.2 |
| Tax (8%) | 5.5 |
| Net (gross − tax) | 68.7 |
Frequently asked questions
- Remove 8% tax from 74.2? Removing 8% tax from 74.2 gives a net price of 68.7. The tax portion is 5.5.
- What is the formula? 74.2 ÷ (1 + 8%) = 74.2 ÷ 1.08 = 68.7