What is the optimal order quantity

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The demand for a pair of Nike running shoes is normally distributed with mean 1500 and standard deviation 150. The unit cost is $100. The unit selling price is $200. Any remaining items after the selling season will be sent to a discount store and priced at $60. Assume all remaining items sent to the discount store can be sold. What is the optimal order quantity?

Reference no: EM132320641

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