GMAT Problem Solving

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Source: Manhattan

Level: 3

A certain retailer gets a shipment of items the day after his inventory drops below items. Each shipment replenishes the retailer's inventory up to the level y, and it is estimated that the retailer, on average, maintains in inventory every month throughout the year. The cost of keeping an item in inventory is $0.5 per month. What is the retailer's annual inventory cost.

  • A 6y
  • B 3y
  • C
  • D
  • E

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