Question:
A restaurant uses 1,500 bottles of a margarita mix each year. The cost to place an order is $15 and the annual unit carrying cost per bottle is $8. They are currently using a fixed quantity inventory system and are placing orders with quantity of 50 bottles. Using their current order quantity, how many orders do they place per year? Round answer to a whole number, if needed, and note that some of the given information is not needed to answer this question.