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A shopkeeper has a uniform demand of an item atthe rate of 50 items per month. He buys from a supplier at a cost of Rs.6/- per item and the cost of ordering is Rs. 10/- per order. If the stock holding costs are 20% of stock value, how frequently should he replenish his stock? Suppose the supplier offers 5% discount on orders between 200 and 999 items and a 10% discount on orders exceeding or equal to 1000 units. Can the shopkeeper reduce his costs by taking advantage of either of these discounts? |
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Answer» ANS is easy600000000 but I don't KNOW that I was RIGHT or WRONG |
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