Question: QUESTION 1 ( 2 0 Marks ) 1 . 1 REQUIRED Use the information given below to determine the number of orders that should be

QUESTION

1 (20

Marks

) 1.1

REQUIRED Use the information given below to determine the number of orders that should be placed for the year, based on the economic order quantity. INFORMATION Sentinel Traders sells a product which has a steady monthly demand of

12 000

units. The product is purchased from a supplier at R

50

per unit. The ordering cost is R

6

per order. The holding cost is

5.4 %

of the unit purchase price.

(4

marks

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