The O2 carrying capacity of blood
= Hgb-bound O2 + dissolved O2
PO2, alv
dissolved O2 in blood
PO2, blood
= 1.34 ml at 100%
O2 content in 1 liter of blood at PO2, blood of 100 mmHg
= (HgbO2 sat [%] x 1.34 x [Hgb]) +  (.03 x  PO2, blood)
= (0.98  x 1.34 x 150 [g/l]) + 3
=  200 ml O2/liter of blood