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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
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's order quantity is 50 cases, how many orders does the store place each year? 168 3.5 14
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