Kraus Department Store, located in Chicago, sells 1,700 coffeemakers per year. The purchase price of each coffeemaker is $70. The ordering cost is $90 per order. The holding cost is 30% of the unit purchase price. In this example, the economic order quantity is given by ______.

a. the square root of ((2 * 1700 * 90) / 90))
b. the square root of ((2 * 1700 * 90) / 21))
c. the square of ((2 * 1700 * 90) / 90))
d. the square of ((2 * 1700 * 90) / 21))


b. the square root of ((2 * 1700 * 90) / 21))

Business

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