Accountancy, asked by harmanpreetkaur47, 6 months ago

Capital employed by a partnership firm is ₹5,00,000. Its average profit is ₹60,000. The normal rate of return in similar type of business is 10%. What is the amount of super profits?

Answers

Answered by ritu14368

11

Answer:

10000

Explanation:

Normal profit=500000*10%

super profit=average profit-normal profit

=60000-50000=10000

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