How much should be ordered each time to minimize total cost

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A pet company has an annual demand of 2000 flea collars. each collar costs $1.75 in quantities of less than 700, and $1.35 in quantities of 700 or more. ordering costs are $12.00 per order. holding cost of inventory are 24% of the purchase price per year. how much should be ordered each time to minimize total cost?

Reference no: EM131672282

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