A local tyre distributor expects to sell approximately 9600

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A local tyre distributor expects to sell approximately 9600 steel belted radial tyres next year. Annual carrying cost is Rs. 16 per tyre and ordering cost is Rs. 75. The economic order quantity of the tyres is

1. 64
2. 212
3. 300
4. 1200

Correct Option: C

D = 9600
C_o = 75
C_h = 16 Rs/type