A wholesaler supplies 30 stuffed dolls each week day to various shops. Dolls are purchased from the manufacturer in lots of 120 each of Rs. 1200 per lot. Every order incurs a handling charges of 60/- plus freight charges of 250/- per order. The incremental cost is Rs. 0.60/- per year to store a doll in inventory. The wholesaler finances inventory investment by paying its holding company 2% monthly for borrowed funds. Assume 250 week days in a year.

The EOQ will be: