average capital employed in a firm is Rs. 5,00,000, actual profit is Rs. 70,000 and normal rate of return is 10%, then super profit is
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Answer:
Rs. 20,000
Explanation:
Super Profit = Avg Cap Empl - Actual Profit
= 70,000 - 50,000 [ 5,00,000*10% = 50,000]
= 20,000
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