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Please help. 3.1 Suppose that a jewellery manufacturer, expects that annual consumption of a certain item to be 7 000 units and the average cost

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3.1 Suppose that a jewellery manufacturer, expects that annual consumption of a certain item to be 7 000 units and the average cost per order is R50. The purchase price is R15 per item and the average inventory holding costs is 25% per annum. Calculate the firm's economical order quantity (EOQ). Provide your final answer only [3]

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