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Given the following information about the Oriel Manufacturing Ltd inventory: estimated carrying cost at 15% and its ordering cost at R9 per order

Given the following information about the Oriel Manufacturing Ltd inventory:

• estimated carrying cost at 15% and its ordering cost at R9 per order

• estimated annual requirement is 48,000 units at a price of R4 per unit.

How many orders should be placed in a year?

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