The Gilette Company buys a product using the price schedule given in the file P13_32.xlsx. The company estimates the unit holding cost at 10% of the purchase price and the ordering cost at $40 per...

The Gilette Company buys a product using the price schedule given in the file P13_32.xlsx. The company estimates the unit holding cost at 10% of the purchase price and the ordering cost at $40 per order. Gilette’s annual demand is 460 units.


a. Determine how often the company should order.


b. Determine the optimal order quantity.


c. At what price should the company order?