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Add tax: gross price = net price × (1 + tax rate ÷ 100); tax amount = gross price − net price. Remove included tax: net price = gross price ÷ (1 + tax rate ÷ 100); tax amount = gross price − net price.- Multiplier1 + 20% / 100 = 1.2
- Gross price120.00 x 1.2 = 144.00
- Tax amount144.00 - 120.00 = 24.00