After inviting tenders two quotations are received as follows

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Practice Problems

After inviting tenders two quotations are received as follows:

(a) Rs.1.20 per unit.

(b) Rs.1.10 per unit plus Rs.3,000 fixed charges to be added irrespective of units ordered.

Advise with your arguments on whom orders should be placed and what quantity is to be ordered.

The following additional information may be of interest:

Present Stock	35,000
Average Monthly Requirement	10,000
Maximum Level	80,000
Minimum Level	30,000
(Sales tax to be ignored in both cases).

Hint

Accounts & FinanceInformation regarding a mutual fund that might not have been included in the fund's original prospectus can be found in a statement of additional information (SAI). The SAI is used to provide updated financial data and extra in-depth information that may not be present in the prospectus as a whole...

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