III. A firm's requirement of materials is 3000 units (Price Rs 20 per unit) for 6 days. The ordering cost per order is Rs 30 and the carrying cos: is Rs.50. If the schedule of discount given below is...

III. A firm's requirement of materials is 3000 units (Price Rs 20 per unit) for 6 days. The ordering<br>cost per order is Rs 30 and the carrying cos: is Rs.50. If the schedule of discount given below<br>is applicable to the firm, determine the most economical order quantity.<br>Lot size<br>Discount Rate<br>1-499<br>None<br>500-699<br>1%<br>700-999<br>2%<br>1000-2499<br>4%<br>2500 and above<br>7%<br>2<br>

Extracted text: III. A firm's requirement of materials is 3000 units (Price Rs 20 per unit) for 6 days. The ordering cost per order is Rs 30 and the carrying cos: is Rs.50. If the schedule of discount given below is applicable to the firm, determine the most economical order quantity. Lot size Discount Rate 1-499 None 500-699 1% 700-999 2% 1000-2499 4% 2500 and above 7% 2

Jun 11, 2022

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III. A firm's requirement of materials is 3000 units (Price Rs 20 per unit) for 6 days. The ordering cost per order is Rs 30 and the carrying cos: is Rs.50. If the schedule of discount given below is...

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