$3$

Formula

$2\mathrm{.}5$ points

You recently started working at a sporting goods store. You estimate the costs of unloading a truck and putting the kayaks away to be $$22\mathrm{.}77$ per order. The space consumed by each kayak is valued at $$8\mathrm{.}74$ per month. You have averaged selling $8$ kayaks per week over the last several years.

Your manager purchases kayaks in quantities of $14.$ Instead you suggest ordering by Economic Order Quantity.

If you ordered in EOQ quantities instead of the quantities ordered by your manager, how much money would you save each year? $(123\mathrm{.}45)$

Type your answer...

$4$

Formula $2\mathrm{.}5$ points

Each year you consume $4,879$ pounds of burger in your restaurant and pay an average of $$9\mathrm{.}35$ for each pound. You estimate a pound of burger costs $$8\mathrm{.}17$ per month to store in your refrigerator. You order burgers in quantities of $60$ pounds and estimate it costs you $$9\mathrm{.}42$ to unload and store each order.

How manv orders do vou place annually?