EOQ 800 units Annual demand 6400 units Unit cost $7.00 Carrying costs 15% per annum
The ordering cost per order is
$1.05 $6720 $52.50 cannot be determined none of the above
I know the annual order cost is D/Q*Co But this question is asking for the ordering cost per order I tired working it out and I just can’t get the answer
I did D/Q which was 6400/800 In which I got 8 Is the number of orders
Then I took the 8*7.00= 56 which is wrong I need I little help please