Mathematics · Commercial Arithmetic
A company requires 16,000 units of raw material costing Rs. 2 per unit. The cost of placing an order is Rs. 45 and the carrying costs are 10% per year per unit of the average inventory value. Determine the Economic Order Quantity (EOQ).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12052 Units
- 22520 Units
- 32434 Units
- 42684 Units✓
Correct answer
2684 Units
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