Question: 3. Consider a local retailer selling date boxes. If date box cost is $32 and sells at $60 with a salvage value of $20, the

3. Consider a local retailer selling date boxes.

3. Consider a local retailer selling date boxes. If date box cost is $32 and sells at $60 with a salvage value of $20, the demand is normally distributed, with a mean of 25 and a standard deviation of 5. What is the optimal stocking level? (6 Marks) (Write the formulae and use two places after the decimal point)

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