What is the approximate economic order quantity

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A certain type of computer costs $1,000, and the annual holding cost is 25% of the value of the item. Annual demand is 10,000 units, and the order cost is $150 per order. What is the approximate economic order quantity? The answer that is posted is incorrect. The answer should be 110, does anyone have a way to do this problem correctly?

Reference no: EM131176185

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