Question 1 (15 marks) A company uses an item of inventory as follows: Purchase price 200 per unit Demand 40 units Ordering cost 300 Holding cost 20% of purchase price The supplier offers 3% discount for order of 60 units and 5% discount for order of 90 units Required Calculate the order in units that minimize the total cost Question 1 (15 marks) A company uses an item of inventory as follows: Purchase price 200 per unit Demand 40 units Ordering cost 300 Holding cost 20% of purchase price The supplier offers 3% discount for order of 60 units and 5% discount for order of 90 units Required Calculate the order in units that minimize the total cost Question 1 (15 marks) A company uses an item of inventory as follows: Purchase price 200 per unit Demand 40 units Ordering cost 300 Holding cost 20% of purchase price The supplier offers 3% discount for order of 60 units and 5% discount for order of 90 units Required Calculate the order in units that minimize the total cost Question 1 (15 marks) A company uses an item of inventory as follows: Purchase price 200 per unit Demand 40 units Ordering cost 300 Holding cost 20% of purchase price The supplier offers 3% discount for order of 60 units and 5% discount for order of 90 units Required Calculate the order in units that minimize the total cost Question 1 (15 marks) A company uses an item of inventory as follows: Purchase price 200 per unit Demand 40 units Ordering cost 300 Holding cost 20% of purchase price The supplier offers 3% discount for order of 60 units and 5% discount for order of 90 units Required Calculate the order in units that minimize the total cost Question 1 (15 marks) A company uses an item of inventory as follows: Purchase price 200 per unit Demand 40 units Ordering cost 300 Holding cost 20% of purchase price The supplier offers 3% discount for order of 60 units and 5% discount for order of 90 units Required Calculate the order in units that minimize the total cost