Startrek Secondary School purchases 700 math’s sets per annum. The cost of each math set is R80. Each set is sold for R100. The cost of placing a single order is R45. The holding cost is 11% of the unit purchase price. Calculate the economic order quantity (EOQ) per annum.
Added by Naledi M.
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Step 1: Calculate the annual demand (A): A = 700 math sets Show more…
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