What is the eoq for this particular cereal


Problem: Consider the case of popular cereal that has an annual demand of 80,000 cases. Fixed cost of ordering is $40 for the specific cereal, and the wholesale price is $2 per case. Annual inventory holding cost is 10% of the wholesale price. Then, what is the EOQ for this particular cereal? Please provide an integer number. (Note that EOQ should be in integers in this case, since you cannot order half a cereal case.)

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