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The East Coasters Bicycle Shop operates 3 6 4 days a year, closing only on Christmas Day. The shop pays $ 4 0 0 for

The East Coasters Bicycle Shop operates 364days a year, closing only on Christmas Day. The shop pays $400for a particular bicycle purchased from the manufacturer. The annual holding cost per bicycle is estimated to be 20%of the dollar value of inventory. The shop sells an average of 20bikes per week. The ordering cost for each order is $225.Determine the optimal order quantity and the total minimum cost.

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