Formulate an equation with variables and constraints

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Reference no: EM132099573

The Ace Hardware store expects to sell 1,500 electric garbage disposal systems in the coming year. Demand for this product is fairly stable over the year. It costs $20 to place an order for these systems and the company assumes a 20% annual holding cost on inventory. The following price structure applies to Ace’s purchase of this product:

0 to 499= $35 a unit

500 to 999= $33 a unit

1000+= $31 a unit

ie. if it orders 650, it pays $33 per system; and if it orders 1200, it pays $31 per system.

Formulate an equation with variables and constraints.

Reference no: EM132099573

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