Suppose that a product's value is $5000. The manufacturer experiences a holding cost of 2% per month. The firm ships the product across country by truck, and it arrives seven and a half days later. The shipping cost is $180 per unit. What is the holding cost on each unit shipped? (Assume 30 days per month.)

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The Answer of Suppose that a product's value is $5000. The manufacturer experiences a holding cost of 2% per month. The firm ships the product across country by truck, and it arrives seven and a half days later. The shipping cost is $180 per unit. What is the holding cost on each unit shipped? (Assume 30 days per month.)

Suppose That a Product's Value Is $5000