Ivonne Callen sells beauty supplies.Her annual demand for a particular skin lotion is 1,000 units.The cost of placing an order is $20,while the holding cost per unit per year is 10 percent of the cost.This item currently costs $10 if the order quantity is less than 300.For orders of 300 units or more,the cost falls to $9.80.To minimize total cost,how many units should Ivonne order each time she places an order? What is the minimum total cost?

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The Answer of Ivonne Callen sells beauty supplies.Her annual demand for a particular skin lotion is 1,000 units.The cost of placing an order is $20,while the holding cost per unit per year is 10 percent of the cost.This item currently costs $10 if the order quantity is less than 300.For orders of 300 units or more,the cost falls to $9.80.To minimize total cost,how many units should Ivonne order each time she places an order? What is the minimum total cost?

Ivonne Callen Sells Beauty Supplies