The opening stock of raw materials is ₹40,000 while the closing stock of raw materials is ₹60,000 and the material consumed during the financial year is ₹1,90,000.

Calculate the amount of material purchased during the current year.

₹2,10,000

The correct answer is option 2- ₹2,10,000.

Material consumed during the year = Opening stock + purchases - closing stock
                                        1,90,000 = 40,000 + purchases - 60,000
                                     Purchases = 1,90,000 + 60,000 - 40,000
                                                      = ₹2,10,000