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The purchase price of a product is OMR 7. The normal demand is 2,500 units per month. Company has to spend OMR 140 per order.

The purchase price of a product is OMR 7. The normal demand is 2,500 units per month. Company has to spend OMR 140 per order. The storage expense is estimated @ 10 % purchase cost. The economic order quantity for the business will be: 3,378 units 3,007 units3,465 units2,877 units

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