How to solve

A hospital consumed $440$ boxes of bandages per week last year. The price of bandages was $$80$ per box, and the hospital operates $52$ weeks per year. The cost of processing an order was $$62,$ and the cost of holding one box throughout a full year was $20\%$ of the value of the material $($price per box$).$ Lead time is $3$ weeks.

What is the economic order quantity $($EOQ$)$ for the boxes of bandages?

Round the final answer to $2$ decimal places $($e$.$g$.205\mathrm{.}00$ or $211\mathrm{.}20).$

Type in just the final answer value, do NOT use symbols, letters, or commas $".".$

Your Answer:

Answer