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22 REQUIRED Use the information provided below to calculate the annual Economic Order Quantity (EOQ) (5 marks) INFORMATION The monthly sale of an item is

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22 REQUIRED Use the information provided below to calculate the annual Economic Order Quantity (EOQ) (5 marks) INFORMATION The monthly sale of an item is 900 units. The selling price per unit is R750 and the item is sold at cost plus 50%. The ordering cost amounts to R20 per order and the holding cost per unit is equal to 10% of the unit cost of the item. nrannrn

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