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A volume used car lot in St . Augustine sells 1 2 0 cars per week. The average purchase price is $ 1 0 ,

A volume used car lot in St. Augustine sells 120 cars per week. The average purchase price is $10,000 per car. Cost per order is $500. Annual holding cost is 5 percent of a car's purchase price. What is the total annual inventory cost if the lot manager uses an order quantity of 200 units?
$5,900
$96,200
$28,500
$65,600
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