Question: The demand for a product is expected to be 40 units per day (300 working days per year) the cost to carry inventory is 20%

The demand for a product is expected to be 40 units per day (300 working days per year) the cost to carry inventory is 20% of the cost of the item. The cost per unit is R40 and the cost of placing an order is R120. Determine the EOQ?

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