Al Fursan Inc. needs 300 kgs of a material per month (four weeks). It costs RO 10 to make and receive an order, and it takes 16 work days to receive it. The annual holding cost is 15% of purchase price. The price RO 1 per kg. The company is operating 6 days per week. ? What is the economic order quantity ? a 690 b 693 c 593 d 267
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