Demand for an organic item in whole foods market

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The demand for an organic item in whole foods market store in montclair is constant at 10 units a week. The fixed order cost is $4.50 with no lead time. The holding cost equals to 15% of inventory value annually. The item cost $1.5 each and sell for $5.00. A. How many mugs should be ordered in order to minimize the total cost? B. What is the total cost?

Reference no: EM131275592

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