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QUESTION
Vitamins Inc. sells 600 bottles of vitamin C bottles per week for $80 each. The supplier charges them $30 per order and $45 per bottle. The annual...
Vitamins Inc. sells 600 bottles of vitamin C bottles per week for $80 each. The supplier charges them $30 per order and $45 per bottle. The annual holding cost is assumed to be 40%. What order quantity minimizes the company's total ordering and holding cost per year?
