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Problem #3 - - Chapter 6- Brass Department Store - Modified, from textbook page #202. The supplier for toy race cars has revised the quantity discount schedule and presented as follows: Discount Quantity O to 500 500 to 1,500 1,500 and over Discount Number 1 Discount (%) Discount Cost ($) 6.00 2 8 5.50 3 15 5.30 Determine which order quantity that minimizes the total inventory cost.

Problem #3 - - Chapter 6- Brass Department Store - Modified, from textbook page #202. The supplier for toy race cars has revised the quantity discount schedule and presented as follows: Discount Quantity O to 500 500 to 1,500 1,500 and over Discount Number 1 Discount (%) Discount Cost ($) 6.00 2 8 5.50 3 15 5.30 Determine which order quantity that minimizes the total inventory cost.

Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter10: Systems Of Equations And Inequalities
Section10.FOM: Focus On Modeling: Linear Programming
Problem 14P
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Problem #3 - - Chapter 6- Brass Department Store - Modified, from textbook page #202. The supplier for toy race cars has revised the quantity discount schedule and presented as follows: Discount Quantity O to 500 500 to 1,500 1,500 and over Discount Number Discount (%) Discount Cost ($) 1 6.00 2 8 5.50 3 15 5.30 Determine which order quantity that minimizes the total inventory cost.
Transcribed Image Text:Problem #3 - - Chapter 6- Brass Department Store - Modified, from textbook page #202. The supplier for toy race cars has revised the quantity discount schedule and presented as follows: Discount Quantity O to 500 500 to 1,500 1,500 and over Discount Number Discount (%) Discount Cost ($) 1 6.00 2 8 5.50 3 15 5.30 Determine which order quantity that minimizes the total inventory cost.
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