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The quartely sales of a product sold by Elsie limited are. R40000 units. The product is purchased at a price of R25 per unit. The

The quartely sales of a product sold by Elsie limited are. R40000 units. The product is purchased at a price of R25 per unit. The carrying cost of inventory amounts to 20% of the unit purchase price. The ordering cost is R10 per order. How many orders need to be placed annually based on the EOQ

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