(a) Calculate the cost of the motors, including shipping charges, for each category (in $). 1–500 motors$ 501–1,000 motors$ 1,001–2,000 motors$ (b) If you usually purchase 400 motors per month, what percent would be saved per motor by ordering 800 every two months? Round to the nearest tenth of a percent. % (c) What percent would be saved per motor by ordering 1,200 every three months? Round to the nearest tenth of a percent. %
(a) Calculate the cost of the motors, including shipping charges, for each category (in $). 1–500 motors$ 501–1,000 motors$ 1,001–2,000 motors$ (b) If you usually purchase 400 motors per month, what percent would be saved per motor by ordering 800 every two months? Round to the nearest tenth of a percent. % (c) What percent would be saved per motor by ordering 1,200 every three months? Round to the nearest tenth of a percent. %
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter13: Nonlinear Optimization Models
Section: Chapter Questions
Problem 5P: Jims Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demand for these two...
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Suppose you are the purchasing manager for a company that manufactures scanners and other computer peripherals. Your vendor for scanner motors is now offering "quantity discounts" in the form of instant rebates and lower shipping charges as follows.
| Quantity | Net Price | Rebate | Shipping |
|---|---|---|---|
| 1–500 motors | $16 | none | $1.50 |
| 501–1,000 motors | 16 | $1.30 | 1.10 |
| 1,001–2,000 motors | 16 | 1.90 | 0.80 |
(a)
Calculate the cost of the motors, including shipping charges, for each category (in $).
1–500 motors$ 501–1,000 motors$ 1,001–2,000 motors$
(b)
If you usually purchase 400 motors per month, what percent would be saved per motor by ordering 800 every two months? Round to the nearest tenth of a percent.
%
(c)
What percent would be saved per motor by ordering 1,200 every three months? Round to the nearest tenth of a percent.
%
(d)
How much money (in $) can be saved in a year by purchasing the motors every three months instead of every month?
$
(e)
What other factors besides price should be considered before changing your purchasing procedures?
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