140%
% rate:
= 112/80 * 100%
= 1.4 * 100%
= 140%
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80% of 140= 112
80 % of 140= 80/100 X 140= 4/5 X 140= 4 X 28= 112
140 minus 20% = 80% of 140 = 0.8*140 = 112 Then 5% tax on top = 112 +5% of 112 = 105 % of 112 = 112* 105 / 100 =117.60
1 percent of 112 = 1.121% of 112= 1% * 112= 0.01 * 112= 1.12
37.5 percent of 112 = 42