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A distributor of a special brad of exercise bicycle buys the product from Jonas Manufacturing Company. The demand for the product is estimated at 936

A distributor of a special brad of exercise bicycle buys the product from Jonas Manufacturing Company. The demand for the product is estimated at 936 units per year, assuming order cost is $45 per order and annual holding cost/year = 25% of the price of the product, determine the best purchace quatity.

Order Quantity price/unit

0-299 $60

300-499 $58.80

500 or more $57

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