Question: A product whose EOQ is 60 units experiences a decrease in ordering cost from $110 per order to $40 per order. What proportion of the

A product whose EOQ is 60 units experiences a decrease in ordering cost from $110 per order to $40 per order. What proportion of the old EOQ is the revised EOQ? Again express your answer rounded to the nearest whole percent. Hint: think about the previous question and how we expressed the new costs as a percentage of the old costs. This problem is similar, but we must compute the relative increase first.

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