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Question
The annual demand, ordering cost, and the annual inventory carrying cost rate for a certain item are D = 600 units, S = $20/order and I = 30% of item price. Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost?
| Quantity | 1 to 49 | 50 to 249 | 250 and up |
| Price | $5.00 per unit | $4.50 per unit | $4.10 per unit |
Answer
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