Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

Annual quantity of pens sold by a shop is 1,200 at the rate of ₹100 per unit. Cost of placing an order and receiving is ₹500 per order. Inventory holding cost ₹30 per annum. Calculate EOQ?

Options:

2000 units

200 units

4000 units

20 units

Correct Answer:

200 units

Explanation:

The correct answer is Option (2) → 200 units