Question: Formulas on how to solve please (sorry for red marker highlight) 3. A burger joint purchases their signature burger patties from American foods incorporated. Every

Formulas on how to solve please (sorry for redFormulas on how to solve please (sorry for red marker highlight)

3. A burger joint purchases their signature burger patties from American foods incorporated. Every box of patties is purchased at $20 apiece, and the distributor charges a ordering cost of $95 per each order. The holding cost per box of patties is estimated at 15% of the 'product's value. The burger joint expects a annual order of 5,000 boxes. | If the burger joint follows an EOQ model to buy their burger patties, what would be their order quantity? Find the Gross weight of each order (each box is 2.5 pounds) Find the Annual ordering cost and annual holding cost

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