Target procures Levoit humidifiers from their supplier at $$40$ per unit. The supplier charges a order processing and transportation cost of $$35$ per order. Target's annual holding cost for the humidifier is $4\%$ of the cost per unit. Target's annual demand for Levoit humidifiers is $700$ units.

Q$6.$ What is the economic order quantity for the humidifiers?

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Q$7.$ What is the total ordering and holding cost per year if they order the economic order quantity?

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Q$8.$ How many orders does Target place with their supplier in a year if they follow the EOQ policy?

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The supplier offers a discount of $10\%$ on the price of $$40$ if Target orders a minimum of $350$ humidifiers.

Q$9.$ What is the annual cost of ordering and holding if they increase their order size to $350$ units?.

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Q$10.$ What is the total cost of purchasing, ordering and holding for the order size of $350?$

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