Question

A firm earned net profits during the last seven years as follows :
2008 20,000 Profit
2009 70,000 Loss
2010 40,000 Loss
2011 2,50,000 Profit
2012 2,70,000 Profit
2013 3,00,000 Profit
2014 3,20,000 Profit
The capital invested in the firm is 12,00,000.Normal rate of return in the similar type of business is 10%. Calculate the value of goodwill on the basis of 3 years purchases of average super profit earned during the above mentioned seven years ​

Answer 1

Answer:

4,59, 900 is correct answer hai