=A1/117.5%

I don't know what your tax value you are using but this type of calculation
will deduct 17.5% from the value in cell A1.

I.e.

Cell A1 = 100

the cell that you have this calculation in will say 85.10638 which is 17.5%
OF 100 not on top off?

Am I close or miles aways???

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