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QUESTION

A gift shop sells 1000 boxes of scented candles a year. The ordering cost is $60 for scented candles, and holding cost is $12 per box per year.

A gift shop sells 1000 boxes of scented candles a year. The ordering cost is $60 for scented candles, and holding cost is $12 per box per year. What is the minimum annual amount of these combined costs the gift shop could pay?

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