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The demand for a product is 12,500 units for a three month period. Each unit of product has a purchase price of P15 and ordering

The demand for a product is 12,500 units for a three month period. Each unit of product has a purchase price of P15 and ordering costs are P20 per order placed. The annual holding cost of one unit of product is 10% of its purchase price. What is the EOQ (to the nearest unit)?

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