Question: Exercise N2: Quantity Discount (3 marks) A mail-order house uses 18000 boxes a year. The carrying cost is $ 50 per box per year and

Exercise N2: Quantity Discount (3 marks) A mail-order house uses 18000 boxes a year. The carrying cost is $ 50 per box per year and the ordering cost in one time is $86. The basic purchasing price per unit is $140. The discount schedule is presented in the following table: # boxes Discount Unit price 600-999 8% 22 1000-1299 10% ?? 1200+ 12% 22 1- What is the EOQ? 2-What is the Total Cost for EOQ? 3-Which quantity the company must buy to reduce the total cost? 4-How many times per year does the company reorder? 5-What is the length of an order cycle if the working days in a year are 320 days

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