Kraus Department Store,located in Chicago,sells 1,700 Coffeemakers Per Year

Multiple Choice

Kraus Department Store,located in Chicago,sells 1,700 coffeemakers per year.The purchase price of each coffeemaker is $70.The ordering cost is $90 per order.The holding cost is 30% of the unit purchase price.In this example,the holding costs are ______.

A) approximately $2,167
B) approximately $2,535
C) approximately $4,628
D) none of these