TB MC Qu. 12-52 A automotive supply store purchases... A automotive supply store purchases cases of motor oil from a supplier who charges the store $80 per order and $35 per case. Each case contains 12 quarts of oil. Demand at the store for the oil is 700 quarts per month. The store's annual holding cost percentage is 30%. If the store chooses to use the economic order quantity when placing an order for oil, what are its ordering and holding costs per year expressed as a percentage of the annual purchasing cost (round the EOQ to the nearest whole number in subsequent calculations)? Multiple Choice O O 2.4% 3.6% 4.4%

TB MC Qu. 12.52 A automotive supply store purchases... A autornotive supply store purchases cases of motor oil from a supplier who charges the store $80 per order and $35 per case, Each case cantains 12 quarts of oll. Demand at the store for the oil is 700 quarts per month. The slore's anntal holding cost percentage is 30%. If the store chooses to use the economic order quantity when plincing an erder for oll, what are its ordering and holding costs per year expressed as a percentage of the annual purchasing cost fround the EOQ to the nearest whole number in subsequent calculations)? Multiple Choice 24x 368 44%