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Calculate eoq and number of orders to be placed

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Question - From the following information, calculate EOQ and number of orders to be placed in one quarter of the year for product X:

(i) Quarterly consumption of material 2,000 kg

(ii) Cost of placing one order Rs. 50

(iii) Cost per unit Rs. 40

(iv) Storage and carrying cost 80% on average inventory

Reference no: EM133024867

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