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Determining the total cost of the plan

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A local shop has a relatively stable demand for tins of sweetcorn throughout the year, with an annual total of 1400 tins. The cost of placing an order is estimated at £15 and the annual cost of holding inventory is estimated at 25 per cent of the product's value. The company purchases tins for 20p. How much should the shop order at a time, and what is the total cost of the plan?

Reference no: EM132791310

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