A produce distributor uses $770$ packing crates a month, which it purchases at a cost of $$8$ each. The manager has assigned an annu carrying cost of $30$ percent of the purchase price per crate. Ordering costs are $$25.$ Currently the manager orders once a month.

How much could the firm save annually in ordering and carrying costs by using the EOQ? $($Round intermediate calculations and fin answer to $2$ decimal places.$)$

Savings

per year