Question
Download Solution PDFDemand for a product is 12,50,000 per annum. The company purchases this product in lots and sells them. The cost of a purchase order is ₹ 1500 and the cost of storage is ₹ 150 per piece per annum. EOQ will be:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
EOQ (Economic Order Quantity) is calculated by:
\( EOQ = \sqrt{\frac{2DS}{H}} \)
Given:
\( D = 12,50,000~\text{units/year},~S = ₹1500,~H = ₹150 \)
Calculation:
\( EOQ = \sqrt{\frac{2 \times 1250000 \times 1500}{150}} = \sqrt{25000000} = 5000 \)
Last updated on Jul 15, 2025
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