Question

Using the following data, calculate the Economic Order

Quantity (EOQ) for the consumption of materials: Annual consumption: 10,000 kg Cost per order: ₹50 Cost per kg of raw materials: ₹2 Storage cost: 8% of the average inventory Which of the following is EOQ?

A 2,600 kg

B 2,510 kg

C 2,500 kg

D 2,700 kg

E 2,800 kg

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Using the following data, calculate the Economic Order

Solution