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8. A retail outlet for calculators sells 800 calculators per year. It costs $2 to store one calculator for a year. To reorder, there is a fixed cost of $8. plus $1.25 for each calculator. How many times per year should the store order calculators, and in what lot size, in order to minimize inventory costs? The store should order calculators times per year to minimize inventory costs. (Simplify your answers.)

8. A retail outlet for calculators sells 800 calculators per year. It costs $2 to store one calculator for a year. To reorder, there is a fixed cost of $8. plus $1.25 for each calculator. How many times per year should the store order calculators, and in what lot size, in order to minimize inventory costs? The store should order calculators times per year to minimize inventory costs. (Simplify your answers.)

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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8. A retail outlet for calculators sells 800 calculators per year. It costs $2 to store one calculator for a year. To reorder, there is a fixed cost of $8. plus $1.25 for each calculator. How many times per year should the store order calculators, and in what lot size, in order to minimize inventory costs? The store should order calculators times per year to minimize inventory costs. (Simplify your answers.)
Transcribed Image Text:8. A retail outlet for calculators sells 800 calculators per year. It costs $2 to store one calculator for a year. To reorder, there is a fixed cost of $8. plus $1.25 for each calculator. How many times per year should the store order calculators, and in what lot size, in order to minimize inventory costs? The store should order calculators times per year to minimize inventory costs. (Simplify your answers.)
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