A fimm carns a profit of Rs.40,000 and had invested capital amounting to Rs 2,00,000 in the business. In the sume business normal rate of camings is 15% Calculate the value of goodwill at 2 years purchase of super profit.
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Answer:
20000
Explanation:
200000*15/100=30000
super profit =40000-30000 =10000
g/w =10000*2 = 20000
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