Abc company sells 4915 chairs a year at an average price, Finance Basics

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Abc company sells 4915 chairs a year at an average price

Question: ABC Company sells 4,915 chairs a year at an average price per chair of $165. The carrying cost per unit is $25.96. The company orders 500 chairs at a time and has a fixed order cost of $50 per order. The chairs are sold out before they are restocked. What is the economic order quantity?

Enter your answer rounded off to two decimal points.

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Finance Basics: Abc company sells 4915 chairs a year at an average price

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Finance Basics: Abc company sells 4915 chairs a year at an average price

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