SR Ltd. is reviewing its purchase policy with regard to the purchase of an important
material. You are given the following information:
(i) Annual Demand: 10,000 Kg.
(ii) Ordering cost: Rs. 500 per order
(iii) Price per Kg.:Rs. 200
(iv) Stock holding cost: 20%
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The poet Robert Frost uses some adjectives to describe the snow filled woods he sees in the 'darkest evening of the Year'. The adjectives mentioned here are lovely, dark and deep. ... The poet has used three adjectives to describe the woods. The woods were 'lovely, dark and deep'.
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