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The annual sales of a product sold by Alpine Limited are 19 200 units. The product is purchased at a cost of R40 per

The annual sales of a product sold by Alpine Limited are 19 200 units. The product is purchased at a cost of R40 per unit. The carrying cost of inventory amounts to 5% of the unit purchase price. The ordering cost is R18.75 per order. How many orders would be placed in the year based on the economic order quantity?

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