Inventory Control Techniques 7. Economic Order Quantity Problem 7 TFG company uses 25,000 nos. of a component per year. It costs RO 100 to place and receive an order and carrying cost is 30% of nit price. The supplier quotes the following prices for the component. Quantity 0 - 499 500 - 999 1000 + Unit Price Rs. 2150 Rs. 2015 Rs. 200 (a) What is the EOQ? (b) What is the minimum total cost? (c) How much time will elapse between orders? Inventory Control Techniques 7. Economic Order Quantity Problem 7 TFG company uses 25,000 nos. of a component per year. It costs RO 100 to place and receive an order and carrying cost is 30% of nit price. The supplier quotes the following prices for the component. Quantity 0 - 499 500 - 999 1000 + Unit Price Rs. 2150 Rs. 2015 Rs. 200 (a) What is the EOQ? (b) What is the minimum total cost? (c) How much time will elapse between orders