What is the lowest total cost

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Reference no: EM132956847

The maintenance department of a large hospital uses about 816 cases of liquid cleanser annually. Ordering costs are $12, carrying costs are $4 per case a year.

The new price schedule indicates that orders of less than 50 cases will cost $10 per case, 50 to 79 cases will cost $9 per case, 80 to 99 cases will cost $8 per case, and larger orders will cost $7 per case.

What is the lowest total cost (round up to the nearest integer) corresponding to the optimal order quantity?

Reference no: EM132956847

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