Question: For a particular item, you have decided to order using the economic order quantity ( EOQ ) calculation. The annual demand for the item is

For a particular item, you have decided to order using the economic order quantity (EOQ) calculation. The annual demand for the item is 9700 units. The cost per unit is $8. For each order placed, the supplier charges you a fixed fee of $90. You have determined that your carrying cost is 35% per year. If you consistently order the EOQ, how many orders per year will you place with the supplier? Round your answer to one decimal place (e.g.7.9).

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