Multiple choice

A club has sports material worth Rs. 10,000 at the beginning of the year. It purchased further sports material for Rs. 25,000. During the year, it sold some of the sports material costing Rs. 2000 for Rs. 1500. At the end of the year, sports material worth Rs. 27,000 was left. What is the amount of sports material consumed during the year?

  1. Rs. 8,000

  2. Rs. 6,500

  3. Rs. 6,000

  4. Rs. 10,000

  5. Rs. 10,500
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Sports material consumed = Opening stock + Purchased - Cost of material sold - Closing stock = 10,000 + 25,000 - 2000 - 27,000 = Rs. 6000

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