Question: A certain type of computer costs $ 1 , 0 0 0 , and the annual holding cost is 2 5 % of the product

A certain type of computer costs $1,000, and the annual holding cost is 25% of the product value. Annual demand is 10,000 units, and the order cost is $150 per order. Lead time is 10 days. What is the approximate economic order quantity?
a.
16
b.
70
c.
110
d.
183
e.
600

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