Question: ( Quantity Discount Model ) Keith Shoe Stores carries a basic black dress shoe that sells at a constant rate of 5 0 0 pairs

(Quantity Discount Model) Keith Shoe Stores carries a basic black dress shoe that sells at a constant rate of 500 pairs of shoes every three months. Keith's current buying policy is to order 500 pairs each time an order is placed. It costs Keith $30 to place an order. The annual holding cost rate is 20%. With the order quantity of 500 pairs, Keith obtains the shoes at the lowest possible cost of $28.00 per pair. Other quantity discounts ordered by the manufacturer are described as follows:Order Quantity Price per pair0-99 $36100-199 $32200-299 $30300 or more $28 What is average flow time using the basic setup (assuming 250 working days in a yea)? Side note 31.25days and 62.50 days are wrong answers.

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