contestada

1.1 W (5 marks) Calculate the economic order quantity (EOQ) per annum. Economic order quantity Startrek Secondary School purchases 700 math's sets per annum. The cost of each math set is R80. Each set is sold for R100. The cost of placing a single order is R45. The holding cost is 11% of the unit purchase price.​

Respuesta :

Parrain

Based on the math sets purchased by Startrek Secondary School as well as its various costs, the Economic Order Quantity is 84.61 sets.

What is the Economic Order Quantity?

This can be found as:

= √(2 x Annual math sets needed x Ordering cost per unit/ Carrying cost

Carrying cost is:

= 80 x 11%

= R8.80

The EOQ is therefore:

=  √(2 x 700 x 48 / 8.8

= 84.61 math sets

Find out more on the Economic Order Quantity at https://brainly.com/question/26814787.

#SPJ1