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Illustration 15. From the following data calculate economic order quantity : (i) Name of article : A (i) Rate of material : * 25 per

Illustration 15. From the following data calculate economic order quantity : (i) Name of article : A (i) Rate of material : * 25 per unit. (i) Consumption of material per annum : 8,000 units (iv) Cost of placing one order : 100 (v) Rate of interest : 10% per annum. Solution

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