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What is the economic order quantity

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Question: A company uses 3000 pairs of mounted ball bearings annually. It costs the company $84 to order and receive this product. The mounted ball bearings cost $92.4 per pair. The company uses a factor of 15% of the purchase price to determine the annual holding cost for this product. What is the Economic Order Quantity (EOQ)?

Reference no: EM131855389

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