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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 2022at R4000 each.

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

GM Electronics expects to sell 800 alarm systems each month of 2022at R4000 each. The cost price of each alarm system is R2000. The inventory holding cost of an alarm system is 1% of the unit cost price. The cost of placing an order for the alarm system is estimated a R60.

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