Question: You work for a retailer that sells computer games. One of those games is Quex. Answer the following questions using this information: Annual demand is

You work for a retailer that sells computer games. One of those games is Quex. Answer the following questions using this information:

Annual demand is 3,000 games

Ordering cost is $50 each time an order is placed

Inventory holding/carrying cost is 20% of the item purchase cost

Purchase cost is $20 per game

What is the total annual cost if you order the EOQ?

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