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A fresh produce distributor uses 8 3 0 nonreturnable packing crates a month, which it purchases at a cost of $ 4 each. The manager
A fresh produce distributor uses nonreturnable packing crates a month, which it purchases at a cost of $ each. The manager has assigned an annual holding cost of percent of the purchase price per crate. Ordering cost is $ per order. Currently the manager orders crates at a time. How much could the firm save annually in ordering and holding costs by using the EOQ? Round the final answer to decimal places.
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