Question: Average demand for a particular item is 1200 units per year. It costs $100 to place an order for this item, and it costs $24

Average demand for a particular item is 1200 units per year. It costs $100 to place an order for this item, and it costs $24 to hold one unit of this item in inventory for one year. How many times will this item be ordered (PO's placed)?

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