If the price of the material is RO 15 per unit and the annual consumption is 4000 units, the interest ans store keeping charges are 20% of the value and the cost of placing of an order and receiving the goods is RO 60 , how much material should be ordered at one time?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter14: Sequences And Mathematical Induction
Section14.3: Another Look At Problem Solving
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If the price of the material is RO 15 per unit and the annual consumption is 4000 units, the interest ans store keeping charges are 20% of the value and the cost of placing of an order and receiving the goods is RO 60 , how much material should be ordered at one time?

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