A company uses 245,000 units of Material X each year, which costs Rs.500 foreach unit. The cost of placing an order is R

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A company uses 245,000 units of Material X each year, which
costs Rs.500 foreach unit. The cost of placing an order is Rs.5,000
for each order. The annual cost of holding inventory each year is
10% of the purchase cost. The EOQ based on the above information is
7,000 units. The supplier offers a price discount of Rs. 5 per unit
for orders of 10,000 or more.
Required:
(a) Economic Order Quantity
(b) Total cost (Purchase price, ordering cost and holding cost)