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A grocery store expect sales of 12,000 cartons of biscuit for the year 2015. The store will have an ordering cost of Rs. 6 per

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A grocery store expect sales of 12,000 cartons of biscuit for the year 2015. The store will have an ordering cost of Rs. 6 per order and carrying cost of Rs.1.60 per cartoa af biscuit. (a) What is EOQ? (b) How many orders will be placed during the year? (c) What will the average inventory be

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