Correct choice is (c) Acid value = (volume of 0.1N KOH used*56)/(weight of oil taken)
For explanation: The total acid number of an oil is given by Acid value= (volume of 0.1N KOH used*56)/(weight of oil taken), where the 0.1 is the maximum value of the oil and 56 is the molecular weight of the KOH.