Peekay Company Ltd has been buying a given item in lots of 1,200 units which is a

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Peekay Company Ltd has been buying a given item in lots of 1,200 units which is a six months’

supply, the cost per unit is ₹12, order cost is ₹8 per order, and carrying cost is 25 per cent. You are required to calculate the savings per year by buying in economical lot quantities.

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