Given the EOQ formula EOQ $=2*$C$0*$D $/$ Ch where

$=$square root,

C$0=$ Cost of placing an order

Ch $=$ Cost of holding per statue

D $=$ Demand per year

What is the economic order quantity for Ornate Statues Ltd$.$ which has a weekly

demand of $200$ units for a particular statue? The company operates for $50$

weeks per annum. If ordering cost is $100$ per order placed and holding cost is

$1$ per item per annum, what is the economic order quantity?