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Use the information provided below to determine the number of orders that SS Traders should place during 2024 , that also considers the most economical
Use the information provided below to determine the number of orders that SS Traders should place during 2024 , that also considers the most economical order quantity. INFORMATION The annual demand for 2024 of an item sold by SS Traders is expected to be 5000 units. The selling price is R6 per unit and the item is sold at cost plus 50%. The ordering cost amounts to R10 per order and the unit holding cost is equal to 10% of the cost of the item
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