A company buys it's requirements of 36000 units in 6 installments. Each unit 10 rupees and the ordering cost 250 rupees. The inventory carrying cost is estimated at 20%of unit value per annum. Find the total cost of the existing inventory policy. How much money can be saved by economic order quantity?
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A company buys it's requirements of 36000 units in 6 installments. Each unit 10 rupees and the ordering cost 250 rupees. The inventory carrying cost is estimated at 20%of unit value per annum. Find the total cost of the existing inventory policy. How much money can be saved by economic order quantity?
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A company buys it's requirements of 36000 units in 6 installments. Each unit 10 rupees and the ordering cost 250 rupees. The inventory carrying cost is estimated at 20%of unit value per annum. Find the total cost of the existing inventory policy. How much money can be saved by economic order quantity?
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