Question:
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?
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?
Updated On: Sep 16, 2024
- 5000 units
- 5500 units
- 5200 units
- 4800 units
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The Correct Option is A
Solution and Explanation
The correct option is (A) : 5000 units
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