Question: ust opens the gift store in He purchases cards from Hall Marks for $10 for each box. Lee's gift store expects to sell 10 boxes

ust opens the gift store in He purchases cards

ust opens the gift store in He purchases cards from Hall Marks for $10 for each box. Lee's gift store expects to sell 10 boxes of cards a week. Lee's store estimates it cost them $5.00 to place an order and holding cost is about 20% of purchase cost per box. It usually takes 5 days to get each order because of its high demand. [Note: This question is Economic Order Quantity model (EOQ)- related problem] What is the average inventory (find the nearest value)? 8.06 22.8 25.50 50.99 None of the above

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