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Annual Quanity of T- shirts sold by a Showroom is 2,400 at the rate of Rs.100/- per month. Cost of placing an order and receiving goods is Rs.1,000/- per order. Inventory holding cost is Rs. 50/- per annum. What is the economic order Quantity for the Showroom?

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EOQ is that quantity where the ordering cost and carrying cost is at the minimum. Ordering cost is the cost of placing an order. Carrying cost is cost of carrying/stocking the inventory. (This may include warehouse rent, interest cost on money borrowed for buying that inventory etc.). EOQ in this case...
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EOQ is that quantity where the ordering cost and carrying cost is at the minimum. Ordering cost is the cost of placing an order. Carrying cost is cost of carrying/stocking the inventory. (This may include warehouse rent, interest cost on money borrowed for buying that inventory etc.). EOQ in this case is 310 units. read less
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