118 minus 8.25% tax (net)
109
118 ÷ (1 + 8.25%) = 118 ÷ 1.08 = 109
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Removing 8.25% tax from 118 gives a net price of 109. The tax portion is 8.99.
| Gross amount | 118 |
| Tax (8.25%) | 8.99 |
| Net (gross − tax) | 109 |
Frequently asked questions
- Remove 8.25% tax from 118? Removing 8.25% tax from 118 gives a net price of 109. The tax portion is 8.99.
- What is the formula? 118 ÷ (1 + 8.25%) = 118 ÷ 1.08 = 109