### Calculate the optimal order quantity

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##### Reference no: EM13780210

A watch repair shop buys batteries for a variety of products. The most frequent battery purchase is for a Y300 with demand of 3,000 per year. The order cost is \$15 per order, and the holding cost is \$0.50 per battery. Given the following price schedule, calculate the optimal order quantity.

Number of Batteries                    Price

1-250                                                     \$6.00

250-499                                                \$5.50

500-999                                                \$5.00

1000 or more                                     \$4.75

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