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2. The following particulars collected for the year in a grocery shop: Monthly demand - 1000 units Cost of placing an order - $100 Cost

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2. The following particulars collected for the year in a grocery shop: Monthly demand - 1000 units Cost of placing an order - $100 Cost per unit - $25 Annual carrying cost - 75% of per unit cost Lead time - 7 days Find Economic Order Quantity and Re-order point for this item

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