Practicing Success
A vendor deals in toothpaste and sells ₹1,00,000 units per month. Purchase price of each toothpaste is ₹20 each. Holding cost is 20% of purchase price. Ordering cost is 500 per order. Find E.O.Q. (Economic Order Quantity) |
140 Units 40 Units 400 Units 5000 Units |
5000 Units |
The correct answer is option (4) - 5000 Units |