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The local gift shop is attempting to determine how many sets of wine glass to order. The store feels it will sell approximately 800 sets
The local gift shop is attempting to determine how many sets of wine glass to order. The store feels it will sell approximately 800 sets in the next year at a price of P18 per set. The wholesale price that the store pays per set is P12. Costs of carrying one set of wine glasses are estimated at P1.50 per year while ordering costs are estimated at P25. Determine the economic order quantity for the sets of wine glasses Select the correct response: 138 units per set 693 units per order 163 units per order None of these 566 units per order
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