24. Business: minimizing inventory costs. Ironside Sports sells 1225 tennis rackets per year. It costs $2 to store one tennis racket for a year. To reorder, there is a fixed cost of $1, plus $0.50 for each tennis racket. How many times per year should Ironside order tennis rackets, and in what lot size, in order to minimize inventory costs?

24. Business: minimizing inventory costs. Ironside Sports sells 1225 tennis rackets per year. It costs $2 to store one tennis racket for a year. To reorder, there is a fixed cost of $1, plus $0.50 for each tennis racket. How many times per year should Ironside order tennis rackets, and in what lot size, in order to minimize inventory costs?

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter6: Linear Systems

Section6.CR: Chapter Review

Problem 70E: A company manufactures two fertilizers, x and y. Each 50-pound bag of fertilizer requires three...

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