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Joe Birra needs to purchase malt for his microbrewery production. His supplier charges $ 4 0 per delivery ( no matter how much is delivered

Joe Birra needs to purchase malt for his microbrewery production. His supplier charges $40 per delivery (no matter how much is delivered) and $1.25 per gallon. Joes annual holding cost per unit is 25 percent of the price per gallon. Joe uses 300 gallons of malt per week. How many gallons should Joe order from his supplier with each order to minimize the sum of the ordering and holding costs?

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