Question: 12. Calculate Economic Order Quantity using the given information. Also calculate the number of orders per year you need to place for the EOQ calculated.

12. Calculate Economic Order Quantity using the given information. Also calculate the number of orders per year you need to place for the EOQ calculated. (10pts) a. Unit Price = $100 Cost to Procure -- $25 per order Annual Demand Rate - 200 units b. Cost to hold = 25% of purchase price per unit

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