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INFORMATION (5 marks) Fantasy Suppliers anticipates annual sales of 60 000 units at R40 per unit, a purchase price of R30 per unit, an ordering

INFORMATION (5 marks) Fantasy Suppliers anticipates annual sales of 60 000 units at R40 per unit, a purchase price of R30 per unit, an ordering cost of R2 per order, and a carrying cost of 10 percent of the purchase price. Use the information given below to calculate the Economic Order Quantity (EOQ).

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