An engine oil company is concerned about its stocks of engine oil. This costs Rs. 240 a litre and th….

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  • 04/30/2019 at 6:35 am #725696 Reply
     EduGorilla 
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    An engine oil company is concerned about its stocks of engine oil. This costs Rs. 240 a litre and there is a demand for 8000 litres a week. Each replenishment costs Rs. 1050 for administration and Rs. 1650 for delivery, while holding costs are estimated at 25% of value held a year. If company operates 50 weeks in a year and shortages are allowed, what will be the total annual expected cost?

    Options :-

    1. Rs. 2.4 Lac
    2. Rs. 3.6 Lac
    3. Rs. 5.4 Lac
    4. Rs. 4.3 Lac
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