Ava Beane, the newly hired Manager of Inventory Planning, would like your assistance in evaluating several alternative courses of actions to address the inventory challenges faced by Scientific Glass. Please answer the following questions to help her analyze her options. 1. Given the finance department's forecast of a 20% increase in sales, how much more will SG have to invest in inventory to deal with the increase if nothing changes in its inventory management policies

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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