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03-06-2023
Business

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Autominions Inc. manufactures toy cars for kids. Following is the data pertaining to one of its parts being used in assembly of a specific toy car.
Working days per year 300
Normal use per day 450 units.
Ordering Cost per order is Rs. 1,000
Carrying (Storage) cost per unit per year Rs.50
Unit cost per order is Rs. 50
Required:
Economic order quantity for normal usage

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