. DT Company supplies plastic crockery to fast food restaurants in Indore. One of its products is a Bowl & that are sold in a pack of 10 pieces at a price of Rs.50 per pack. The demand of bowls has been forecasted of 40,000 packs every year. The company purchases the bowl direct from manufacturer at Rs.40 per pack. The ordering cost is Rs.8 per order. The storage cost is 8% p.a of average inventory. You are required to-

a. Calculate EOQ.

b. Calculate number of orders needed every year.

c. Calculate the total cost of ordering & storage of bowls pack for the year