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Calculate EOQ ( approx . ) from the following details: Annual Consumption: 2 4 0 0 0 units Ordering cost: R 1 0 per order

Calculate EOQ

(

approx

.)

from the following details:

Annual Consumption:

24000

units

Ordering cost: R

10

per order

Purchase price:

R 100

per unit

Carrying cost.

5 %

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