What is the economic order quantity for the case where the annual demand (D) is 15,000, the

Question:

What is the for the case where the annual demand (D) is 15,000, the carrying charge (i) is 25%, the item’s cost is $150, and the cost of placing an order (S) is $200?
Economic Order Quantity
Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs. This production-scheduling model was developed in 1913 by Ford W. Harris and has...