A local electronic shop sells 8 televisions (TV) in a day. The purchase price of each unit is $55. It cost $65 when the electronic shop places an order. Calculate the economic order quantity (EOQ) for the company if the annual carrying cost percentage is 25%?

a. 146 unit

b. 142 unit

c. 138 unit

d. 148 unit

e. 152 unit

Answer rating: 100% (QA)

To calculate the Economic Order Quantity EOQ we need the following information Demand rate per day D ... View the full answer