a. The number of economical orders? b. Booking frequency? c. Total cost of booking? d. Total storage costs? E. Total cost of inventory? F. Analyze your answers!
Ahead of her wedding ceremony, Getuk and Lopis who intend to hold a wedding in the Netherlands recently rumored plans to order 346 sprigs of tulips. But they both confused after being given a price list that included a discount on every purchase per stalk. price normal 1 stalk of such tulips is € 5. If buying between 50 – 199 stalks then the buyer will get 5% discount from the normal price. If buying between 200 – 399 stalks then the buyer will get 10% off the normal price. As for purchases above 400 stalks, buyers will get 15% off the normal price. The booking fee is issued € 20 per order and interest storage fee to last € 0.2 per stalk
Specify:
a. The number of economical orders?
b. Booking frequency?
c. Total cost of booking?
d. Total storage costs?
E. Total cost of inventory?
F. Analyze your answers!
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