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Question
The Goodwill of firm ₹ 3,60,000 valued at three year's purchase of super profit. If capital employed is ₹ 4,00,000 and Normal rate of return is 10% per annum, the amount of average profit will be ______.
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Solution
The Goodwill of firm ₹ 3,60,000 valued at three year's purchase of super profit. If capital employed is ₹ 4,00,000 and Normal rate of return is 10% per annum, the amount of average profit will be ₹ 1,60,000.
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