Question: Problem 7 Question Help The University Bookstore at a prestigious private university buys mechanical pencils from a wholesaler. The wholesaler offers discounts for large orders

Problem 7 Question Help The University Bookstore

Problem 7 Question Help The University Bookstore at a prestigious private university buys mechanical pencils from a wholesaler. The wholesaler offers discounts for large orders according to the following price schedule: Order Quantity O to 200 201 to 1,500 1,501 or more Price per Unit $4.10 $3.40 $3.25 The bookstore expects an annual demand of 2,400 units. It costs $12 to place an order, and the annual cost of holding a unit in stock is 30 percent of the unit's price. Determine the best order quantity. The best order quantity is units. (Enter your response rounded to the nearest whole number.)

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