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:

- First, determine the gross price ($).
- The gross price ($) is given as: 140.

- Next, determine the tax rate (%).
- The tax rate (%) is provided as: 20.

- 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** = ?**