EcoTech Supplies sells 600 portable solar chargers per week at
$100
per solar charger. The chargers are ordered from a supplier who charges the company
$30
per each order and
$50
per charger (regardless of quantity). The company's annual holding cost percentage is
40%
of the cost of the chargers. Assume the company operates 52 weeks in a year.
What is the total ordering and holding cost?