requires

$2000$

$$units of a certain item per year. Purchase price per unit is Rs

$30.$

$$Carrying cost of the inventory is

$25$

$\%$

$$of the inventory value. Fixed cost per order is Rs

$1$

$,$

$000.$

$$i

$)$

Determine the Economic Order Quantity ii

$)$

$$What will be the total cost of carrying and ordering inventories when

$4$

$$orders of equal size are placed?