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Business: minimizing inventory costs. A health and nutrition store sells 3600 canisters of a special protein formula per year. It costs $4 to store one
Business: minimizing inventory costs. A health and nutrition store sells 3600 canisters of a special protein formula per year. It costs $4 to store one canister for one year. To reorder, there is a fixed cost of $18 plus $1.50 for each canister. How many times per year should the store order the protein formula and in what lot size, in order to minimize inventory costs?
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