Posted: September 14th, 2022
A mail-order house uses 16,820 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies.
|Number of Boxes||Price per Box|
|1,000 to 1,999||$1.25|
|2,000 to 4,999||1.20|
|5,000 to 9,999||1.15|
|10,000 or more||1.10|
Determine the optimal order quantity. (Round your answer to the nearest whole number.)
|Optimal order quantity||[removed] boxes|
Determine the number of orders per year. (Round your answer to 2 decimal places.)
|Number of order||[removed] per year|
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