Question: Please, I want a clear and correct solution in the shortest possible time, within a maximum of an hour, thanks Lulu hypermarket estimates daily demand

Please, I want a clear and correct solution in the shortest possible time, within a maximum of an hour, thanks

Lulu hypermarket estimates daily demand of 16.25 kgs for a product. It costs RO 100 to make and receive an order, and it takes 16 workdays to receive it. The annual holding cost is 15% of purchase price. The price RO 3 per kg. The company is operating 6 days per week, and a total of 240 workdays per year. What is the minimum annual total holding and ordering cost in RO? Round-up to the nearest integer O a. 593 O b. 625 O c. None is correct O d. 484 O e. 502

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