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2.4 Use the information given below to calculate the annual Economic Order Quantity. (4 marks) INFORMATION The following details have been supplied by Nola Limited

2.4 Use the information given below to calculate the annual Economic Order Quantity. (4 marks)

INFORMATION

The following details have been supplied by Nola Limited for one of its products:

Sales per month 7 500 units

Carrying costs as a percentage of the unit purchase price 20%

Purchase price per unit R100

Cost of placing an order R10

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