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Business Data Management · Quiz 2 · 16 Aug 2026 · May 2026 term

Question 17: A company starts the period with 100 units of inventory …

Question 17

+3 marksOne correct option

A company starts the period with 100 units of inventory at a cost of ₹5 each. It then purchases 200 units at ₹7 each. During the period, it sells 150 units for ₹15 each. What is the difference in Gross Profit if the company switches from the LIFO method to the FIFO method of inventory valuation?

  1. A

    ₹200

  2. B

    ₹300

  3. C

    ₹0

  4. D

    ₹150

Show answer

Correct answer

  • A

    ₹200

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Question 17 of 24 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 16 Aug 2026, in the May 2026 term (Business Data Management 14 Aug 26). It carries 3 marks.

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