Question
ABC Company supplies plastic crockery to fast food
restaurants in metropolitan city. One of its products is a special bowl, disposable after initial use, for serving soups to its customers. Bowls are sold in pack 10 pieces at a price of Rs.50 per pack. The demand for plastic bowl has been forecasted at a fairly steady rate of 40,000 packs every year. The company purchases the bowl direct from manufacturer at Rs.40 per pack within a three days lead time. The ordering and related cost is Rs.8 per order. The storage cost is 10% per annum of average inventory investment. Calculate the EOQ.Solution
Economic Order Quantity EOQ = √ 2 x A x O / Ci = √ 2 x 40,000 packs x 8 / 40 x 10% = 400 packsÂ
The cost price of 21 mangoes is Rs.200. Because of bad quality of mangoes, the shopkeeper has to sell mangoes at a loss that is equal to selling price o...
A frustum of a cone has a lower base radius of 5 cm, an upper base radius of 3 cm, and a height of 4 cm. What is the volume of the frustum?
A cyclist rides at a constant speed of 12 miles per hour for the first half of a journey. For the second half, the cyclist increases the speed to 18 mil...
The combined current ages of Ram and Shyam add up to 56 years. Four years from now, the age ratio of Ram to Shyam will be 3:5. Determine the age differe...
The ratio of the ages of A and B is 3:4. Five years later, the ratio of their ages will be 4:5. What are their present ages?
If the mean of four observations is 20 and when a constant C is added to each observation the mean becomes 22 the value of C is –
- What allows hardware components to access computer memory without CPU intervention?
A chemist has three solutions of acid and water. The first solution has 40 percent acid, the second has 60 percent acid, and the third has 80 percent ac...
From a group of 7 men and 4 women, a committee of 4 persons is to be formed. The probability that the committee has at least one woman is:
