The EastCoasters Bicycle Shop operates 364 days a year, closing only on Christmas Day. The shop pays $300 for a particular bicycle purchased from the

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The EastCoasters Bicycle Shop operates 364 days a year, closing only on Christmas Day. The shop pays $300 for a particular bicycle purchased from the manufacturer. The annual
holding cost per bicycle is estimated to be 25% of the dollar value of inventory. The shop sells an average of 18 bikes per week. The ordering cost for each order is $250. Determine the optimal order quantity and the total minimum cost.

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