Mathematics · Business Mathematics
An economic enterprise requires 90,000 units of a certain item annually. The cost per unit is Rs. 3. The cost per purchase order is Rs. 300, and the inventory carrying cost is Rs. 6 per unit per year. What is the Economic Order Quantity (EOQ)?
- 14500 units
- 26000 units
- 31500 units
- 43000 units✓
Correct answer
3000 units
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