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Calculate the annual economic order quantity from the information provided below. GM Electronics expects to sell 800 alarm systems each month of 2022 at R4

Calculate the annual economic order quantity from the information provided below.

GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price of each alarm system is R2 000. The inventory holding cost of an alarm system is 1% of the unit cost price. The cost of placing an order for the alarm systems is estimated at R60.

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