A large dairy firm, the Cow and Buffalo Company, buys bins every year, which it uses...

 

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A large dairy firm, the Cow and Buffalo Company, buys bins every year, which it uses in the warehousing of its bottled products. A local vender has offered the following discount schedule for bins Order Quantity Upto 699 700 to 949 950 and above Unit Price (Rs.) 10.00 9 8 The average yearly replacement is 2000 bins. The carrying costs are 12% of the average inventory and ordering cost per order is Rs. 100. Find the order quantity and annual cost. A large dairy firm, the Cow and Buffalo Company, buys bins every year, which it uses in the warehousing of its bottled products. A local vender has offered the following discount schedule for bins Order Quantity Upto 699 700 to 949 950 and above Unit Price (Rs.) 10.00 9 8 The average yearly replacement is 2000 bins. The carrying costs are 12% of the average inventory and ordering cost per order is Rs. 100. Find the order quantity and annual cost.