Problem #3 - - Chapter 6- Brass Department Store - Modified, from textbook page #202. The supplier for toy race cars has revised the quantity discount schedule and presented as follows: Discount Quantity O to 500 500 to 1,500 1,500 and over Discount Number 1 Discount (%) Discount Cost ($) 6.00 2 8 5.50 3 15 5.30 Determine which order quantity that minimizes the total inventory cost.

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Problem #3 -
- Chapter 6- Brass Department Store - Modified, from textbook page #202.
The supplier for toy race cars has revised the quantity discount schedule and presented as follows:
Discount Quantity
O to 500
500 to 1,500
1,500 and over
Discount Number
Discount (%)
Discount Cost ($)
1
6.00
2
8
5.50
3
15
5.30
Determine which order quantity that minimizes the total inventory cost.
Transcribed Image Text:Problem #3 - - Chapter 6- Brass Department Store - Modified, from textbook page #202. The supplier for toy race cars has revised the quantity discount schedule and presented as follows: Discount Quantity O to 500 500 to 1,500 1,500 and over Discount Number Discount (%) Discount Cost ($) 1 6.00 2 8 5.50 3 15 5.30 Determine which order quantity that minimizes the total inventory cost.
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