A company is preparing a quotation for a customised engineering project. The project requires 40 kg of Material P. The company has 200 kg of…

A company is preparing a quotation for a customised engineering project. The project requires 40 kg of Material P. The company has 200 kg of Material P in stock, originally bought at ₹10 per kg. Material P, if processed further at a cost of ₹3 per kg, can be converted into Material Q, which the company currently purchases from the market at ₹9 per kg. What is the relevant cost of using Material P for the new project?