Enter the gross price ($) and the tax rate (%) into the Net Price Calculator. The calculator will evaluate and display the Net Price. 

Net Price Formula

The following formula is used to calculate the Net Price. 

NP = GP + GP*TR/100
  • Where NP is the Net Price ($)
  • GP is the gross price ($) 
  • TR is the tax rate (%) 

How to Calculate Net Price?

The following example problems outline how to calculate Net Price.

Example Problem #1:

  1. First, determine the gross price ($).
    1. The gross price ($) is given as: 140.
  2. Next, determine the tax rate (%).
    1. The tax rate (%) is provided as: 20.
  3. Finally, calculate the Net Price using the equation above: 

NP = GP + GP*TR/100

The values given above are inserted into the equation below:

NP = 140 + 140*20/100 = 168.00 ($)

Example Problem #2: 

For this problem, the variables needed are provided below:

gross price ($) = 60

tax rate (%) = 7

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer. 

NP = GP + GP*TR/100 = ?