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A seller sells 30000 units of a product per year, demand is uniform. Purchase cost is Rs. 6/- per product. Holding cost per annum is 20% of purchase cost. Ordering cost is Rs.500/- per order. What would be the Economic Order Quantity? |
5000 units 5500 units 5200 units 4800 units |
5000 units |
The correct answer is option (1) - 5000 units |
