The opening stock of raw materials is ₹40000 while the closing stock of raw materials is ₹60000 and the material consumed during the financial year is ₹190000. Calculate the amount of material purchased during the current year.

₹210000

Material consumed during the year = Opening stock + purchases - closing stock
                                           190000 = 40000 + purchases - 60000
                                       Purchases = 190000 + 60000 - 40000
                                                        = ₹210000