Amount paid for purchase of medicine during the year 2014-15 was 3,70,000. The amount of medicine consumed during the year 2014-15 was :

₹3,63,300

The correct answer is option 2- ₹3,63,300.

Amount paid for sports material during the year 2014-15 = 3,70,000
Add: opening stock = 62,000
Less: Closing stock = 54,000
                             = (370000 + 62000 - 54000)
                             = ₹3,78,000

Less:  Creditor for sports material on 1.4.2014 = 25,000
Add:  Creditor for sports material on 31.3 .2015 = 17,000
                                                                      = (3,78,000 + 17,000 - 25,000)
                                                                      = 3,70,000

Add: Advance paid for sports material as on 01.04.2014 = 11,500
Less: Advance paid for sports material as on 31.3.2015 = 18,200

                                                                                = (3,70,000 - 18,200 + 11,500)
                                                                                = 3,63,300