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Use the information provided below to calculate the economic order quantity. ( 4 marks ) INFORMATION The average monthly usage of an item that costs

Use the information provided below to calculate the economic order quantity.
(4 marks)
INFORMATION
The average monthly usage of an item that costs R2 each and sells for R4.50 each is 600 units. The holding cost is 10% of the cost of the item. The cost to place an order is R20.

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