Question: The demand for a product is 1 2 , 5 0 0 units for a three - month period. Each unit of product has a

The demand for a product is 12,500 units for a three-month period. Each unit of product has a purchase price of $15 and ordering costs are $20 per order placed. The annual holding cost of one unit of the product is 10% of its purchase price. What is the Economic Order Quantity (to the nearest unit)?*
a)577
b)1,155
c)1,816
d)1,866

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