Question

4. A, B and C were partners, sharing profit and losses in the ratio of 3:2:1.B died, the firm decided to vala
the goodwill on the basis of 3 years' purchase of average of 5 years profits. The profits of the firm for the
last five years before charging interest on capital were 11,000,9,000, 11,000,*7,000 and 78,000. The
capital of the firm stood at $50,000 and interest rate is 8%. Value of goodwill will be
(a) * 10,000.
(b) 15,600.
(c) 21,000.
(d) 11,000.​

Answer 1

a 10,000 is the answer