Question
Best Bytes sells 5,000 boxes of CD-RW compact discs per year. They determined that they pay $50 to process an order for discs. The purchase
Best Bytes sells 5,000 boxes of CD-RW compact discs per year. They determined that they pay $50 to process an order for discs. The purchase price is $6 for each box of discs and they have determined that storage costs for one year are 25 percent of the purchase price.
What is the approximate economic order quantity?
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