Answer :
The total cost of the bicycle with sales tax included is $790.10. Since accuracy and precision are crucial for success in business, it is crucial to employ precise numbers and calculations.
Why is it vital to employ precise calculations and numbers in Business?
- To ensure that the cost of a good or service is calculated accurately, precise numbers and computations are required. A company runs the risk of overcharging customers if it does not have a precise estimate of the cost of a good or service.
- Customers may feel duped as a result, which could result in bad reviews and a drop in sales.
- If a bicycle is offered at $735.95 before tax, it takes precise math to determine how much the bicycle will actually cost after sales tax.
- By calculating the bicycle's advertised price by the 7.5% sales tax rate, it is possible to get the bicycle's overall cost with sales tax included.
- Making business judgments based on correct data is ensured by having exact computations and numbers.
- In conclusion, the bicycle costs $794.10 overall after sales tax, even though its quoted price is $735.95 and the applicable sales tax rate is 7.5%.
To learn more about sales tax refer to:
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