Waec Model Questions Vol1 2024 Commerce Question 9
Practice objective / multiple choice question 9 from the 2024 Waec Model Questions Vol1 Commerce examination.
A warehouse manager wants to determine the optimal order quantity (EOQ) for a product. Annual demand is 12,000 units and the ordering cost per order is ₦2,500. The holding cost is 15% of the unit cost per year. The manager knows that when the EOQ is used, the total annual cost (ordering + holding) is exactly ₦30,000 and that the EOQ is an integer that divides the annual demand evenly. What is the unit cost of the product (in ₦)?
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About This Question
This is Waec Model Questions Vol1 2024 Commerce Question 9. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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