Demand for an item is constant at 100 units a year. Unit cost is $50, ordering cost is $40 and holdi

Demand for an item is constant at 100 units a year. Unit cost is $50, ordering cost is $40 and holding cost is 40 per cent of value a year. Any demand that occurs when no stock remains is lost. What is the minimum selling price that makes it profitable to stock the item?

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