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SPAR purchases 3 0 0 0 Apples at R 1 0 each per annum. The apples are sold at R 2 0 each at a

SPAR purchases 3000 Apples at R10 each per annum. The apples are sold at R20 each at a steady rate during the year. The cost of placing a single order amounts to R30. Inventory holding cost amounts to 10% of the purchase cost. Calculate the:
1.1 economic order quantity
1.2 the number of orders that should be placed each year
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