Question: A retailer wants to implement EOQ by the following data: the annual quantity demanded is forecasted to be 122,500 units, the setup cost is $500,

A retailer wants to implement EOQ by the following data: the annual quantity demanded is forecasted to be 122,500 units, the setup cost is $500, and the holding cost is $10 per unit per year. Then what would the incurred total cost (holding plus setup) per year be?

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