REQUIRED

Use the information given below to calculate the quantity that will minimise the total ordering and

storage costs during $2024.(5$ marks$)$

INFORMATION

Kip Enterprises intends purchasing $2000$ units of product Yogo per week during $2024$ at R$52$ per unit. The

following additional costs are incurred:

Ordering cost R$25$ per order

Stockholding cost $10\%$ of the unit purchase price