Question: 2 (20 Marks) 2.1 REQUIRED Use the information provided below to determine the quantity that should be ordered that will maximise profits. (12 marks) INFORMATION

2 (20 Marks) 2.1 REQUIRED Use the information provided below to determine the quantity that should be ordered that will maximise profits. (12 marks) INFORMATION The following information was provided by Serenata Limited for a product that it sells: Annual demand 3 600 units Unit cost R20 Fixed cost per order R25 Annual carrying cost per unit 10% of unit cost EOQ 300 units The supplier offered a discount scheme as follows: Discount Order size 0% 0 399 7% 400 1 000 8% 1 000 +

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