24 Quantity Discounts-Exercise A supplier's price schedule is: Order Quantity Price per Unit $50 $45 0-99 100 or more If ordering cost is $16 per order, annual holding cost is 20 percent of the purchase price, and annual demand is 1,800 units, what is the best order quantity?

A supplier's price schedule is: If ordering cost is $16 per order, annual holding cost is 20 percent of the purchase price, and annual demand is 1,800 units, what is the best order quantity