TB MC Qu$.12-26$ Bakery A uses $60$ bags of$...$

Bakery A uses $60$ bags of flour each month. The flour is purchased from a supplier for a price of $$80$ per bag and an ordering cost of $$20$ per order. Bakery A$\text{'}$s annual inventory holding cost percentage is $40\%.$ What is its economic order quantity?

Multiple Choice

$30$

$15$

$9$

$4\mathrm{.}5$

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$17$ of $18$

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