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Consider the following data for an item:Demand = 1500 units/year,Ordering cost = Rs. 4 per orderStorage cost = 10% of unit price per yearThe optimum cost (in Rs.) isa)1348b)1353Correct answer is between '1348,1353'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about Consider the following data for an item:Demand = 1500 units/year,Ordering cost = Rs. 4 per orderStorage cost = 10% of unit price per yearThe optimum cost (in Rs.) isa)1348b)1353Correct answer is between '1348,1353'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following data for an item:Demand = 1500 units/year,Ordering cost = Rs. 4 per orderStorage cost = 10% of unit price per yearThe optimum cost (in Rs.) isa)1348b)1353Correct answer is between '1348,1353'. Can you explain this answer?.

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