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Arlen Limited purchases 800 school bags at R60 each per annum. The bags are sold at R80 each at a steady rate during the year.

Arlen Limited purchases 800 school bags at R60 each per annum. The bags are sold at R80 each at a steady rate during the year. The cost of placing a single order amounts to R20,25. Inventory holding cost amounts to R4 per unit. Calculate the: 1.1 economic order quantity

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