Question

2. In a handicraft company, the total profit made in a month was Rs.50000. The spinning department gave a profit of 1 2 of Rs 50,000 and weaving department gave a profit of 1 4 of Rs 50,000. Find the fraction of profit from other departments.

Answer 1

Answer:

Calculation of Actual Average Profit :

Average ProfitLess : Abnormal ProfitActual Average Profit :70,0005,00065,000−−−−−¯¯¯¯¯¯¯¯¯

(ii) Normal Profits = Capital Inested ×Normal Rate of Return100

= 5,50,000 ×10100= Rs. 55,000

(iii) Super Profit = Actual Average Profit - Normal Profit

65,000 - 55,000 = Rs. 10,000

(iv) Goodwill = Super Profit × Number of years purchased

= Rs. 10,000 × 4 = Rs. 40,000

Step-by-step explanation:

BRAINLEST PLZ

Answer 2

Answer:

profit by spinning department = 1/2(50000)

= 25000

profit by weaving department = 1/4(50000)

=12500

profit from other departments =50000-(25000+12500)

=12500

fraction of profit=12500/50000

=1/4