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The XYZ Ltd. carries a wide assortment of items for its customers. One of its popular items has annual demand of 10000 units. Ordering

The XYZ Ltd. carries a wide assortment of items for its customers. One of its popular items has annual demand of 10000 units. Ordering cost per order is found to be \S. 10. The carrying cost of average inventory is 20% per year and the cost per unit is \$1.00. Using trial and error method determine the optimal economic quantity and make your recommendations.

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