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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 Apples at R each per annum. The apples are sold at each at a steady rate during the year. The cost of placing a single order amounts to R Inventory holding cost amounts to of the purchase cost. Calculate the:
economic order quantity
the number of orders that should be placed each year
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