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?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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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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