Economic order quantity, The company uses a factor of 20%

Economic order quantity

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A company uses 900 gallons of general purpose floor cleaner annually. It costs the company $40 to order and receive this product. The general purpose floor cleaner costs $19.22 per gallon. The company uses a factor of 20% of the purchase cost to determine the annual holding cost for this product. What is the Economic Order Quantity (EOQ)?

Reference no: EM132102947

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