Question: REQUIRED Use the information given below to calculate the quantity that will minimise the total ordering and storage costs during 2 0 2 4 .

REQUIRED
Use the information given below to calculate the quantity that will minimise the total ordering and
storage costs during 2024.(5 marks)
INFORMATION
Kip Enterprises intends purchasing 2000 units of product Yogo per week during 2024 at R52 per unit. The
following additional costs are incurred:
Ordering cost R25 per order
Stockholding cost 10% of the unit purchase price

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