Determine what is the effect on eoq and total costs

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Reference no: EM13242194

A grocery store carries a particular brand of tea tha has the following characteristics:

Sales= 8 cases per week
Ordering Cost=$10 per order
Carrying Charges= 20% per year
Item Cost= $80 per case

What is the effect on EOQ and total costs if there was a 40% increase in demand from the above data?

Reference no: EM13242194

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