Chapter 16, Problem 16.20E

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Annual Demand for a product is constant at 80 000 units. Costs for placing orders,transportation and receiving consignments are fixed at P1 200. Each inventory cycle costsP50 per unit and comes with a holding cost of 6%.RequiredDetermine the number of units that should be ordered to replenish inventory and number oforders per year.

Gross Profit ℅?

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