Question: Question 4 You get a discount on items when you order 500. The price of the item is $10 if you order less than 100

Question 4 You get a discount on items when you order 500. The price of the item is $10 if you order less than 100 and $9 if you order 100 or more. The holding cost of the item is $2 per year. The setup cost is $20. The demand for the item is 2000 per year. Compute the optimal EOQ.

Please explain each step and where numbers are coming from.

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