GATE ME · 2025 · ME
Question 64: Inventory Control
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Question 64
MENAT2 marksNeeds review
A company uses 3000 units of a part annually. The units are priced as given in the table below. It costs ₹ 150 to place an order. Carrying costs are 40 percent of the purchase price per unit on an annual basis. The optimal total annual cost is ₹ ______ (rounded off to 1 decimal place).
Order quantity | Unit price (₹) |
|---|---|
1 to 499 | 9.0 |
500 to 999 | 8.5 |
1000 or more | 8.0 |
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2025ME
GATE ME 2025 · Paper 1
Mechanical Engineering · Original paper archive
- Section
- Mechanical Engineering
- Question type
- Numerical answer (NAT)
- Marks
- 2 marks
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