Question: 10:07 PM P il B/s 0 82 L Need Solution of this question step by step. Question: 1 A discount store has been given a

10:07 PM P il B/s 0 82 L Need Solution of this

10:07 PM P il B/s 0 82 L Need Solution of this question step by step. Question: 1 A discount store has been given a quantity discount schedule for toy cars. The quantity sche dule is shown as follows (Table 1). The annual demand is 6,000 cars, the ordering cost is $50 per order and inventory carrying charge, as a percent of cost, is 30%. (The result obtained in e ach step should be rounded to an integer number. For example, 8.23 should be rounded to 8, a nd 8.51 should be rounded to 9.) Table 1. The quantity discount schedule Discount Price (P) Discount Number Discount Quantity 1 0 to 1499 AU$6.00 2 1,500 to 2,999 AU$5.40 3 3,000 and over AU$5.30 Requirement: (a) Calculate the optimal order quantity for each discount offer (b) Calculate the total inventory cost for each discount offer: (c) What order quantity should the store order to minimize the total inventory cost? Wh at is the managerial implication of the optimal solution? 7 7 0 O

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