Calculate the economic order quantity

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A local nursery, Greens, uses 30 bags of plant food every week. A purchase cost of the plant food is $10 per bag. It costs $10 to place an order. The annual holding cost is $5 per bag. Greens works 52 week per year.

Calculate the economic order quantity.

If Greens uses the economic order quantity obtained, how many weekswill the cycle time be?

Reference no: EM13729622

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