Question: Use this data to answer the next 5 questions ( Questions 3 1 - 3 5 ) . The Philly Bike Shop wants to determine

Use this data to answer the next 5 questions (Questions 31-35).
The Philly Bike Shop wants to determine the order quantity for its branded biking shorts.
The demand is 1,000 shorts per year. Their supplier charges a $100 delivery fee for delivering each order, and the entire order comes at once.
The supplier also charges a price of $25 for each short. The Philly Bike Shop's annual inventory holding cost is 20% of the cost price.

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