Ready Tees, an online retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer. The carrying cost is $0.10 per shirt per year
The order cost is $500 per order. What is the optimal order quantity for the t-shirt inventory (rounded to the nearest dollar)?
A) 1,581
B) 8,333
C) 15,841
D) 31,623
Answer: D
Explanation: D) EOQ = = = 31,622.78 ≈ 31,623.
Business
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