Question: PLEASE EXPLAIN ONLY USING EXCEL WITH FORMULAS AND SHOW THE EXCEL SHEET PLEASE! Assume that the following quantity discount schedule is appropriate. If annual demand

PLEASE EXPLAIN ONLY USING EXCEL WITH FORMULAS AND SHOW THE EXCEL SHEET PLEASE!

Assume that the following quantity discount schedule is appropriate. If annual demand is 120 units, ordering costs are $20 per order, and the annual holding cost rate is 25%, what order quantity would you recommend?

Order size	Discount (%)	Unit Cost
0 to 49	0	$30.00
50 to 99	5	28.50
100 or more	10	27.00

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