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Each year, Florida's Best Salad Dressing, Inc. (FBSD) purchases 50,000 gallons of extra virgin olive oil. Ordering...

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Advance Math

Each year, Florida's Best Salad Dressing, Inc. (FBSD) purchases50,000 gallons of extra virgin

olive oil. Ordering costs are $80.00 per order, and the carryingcost, as a percentage of inventory

value is 80 percent. The purchase price to FBSD is $0.50 pergallon. FBSD’s management currently

orders the EOQ each time an order is placed. No safety stock iscarried. The supplier is now offering a

quantity discount of $0.03 per gallon if FBSD orders 10,000gallons at a time. What is the net benefit

in dollars if FBSD takes the discount?

Answer & Explanation Solved by verified expert
4.4 Ratings (687 Votes)
EOQ 447213NO OF ORDERS500004472131118TOTAL    See Answer
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