Question

Compute the average profit from the following 2016 – Rs.8000, 2017 Rs.10000, 2018 Rs. 9000.​

Answer 1

Answer:

☆Calculation of Average profit:

Calculation of Average profit: 2016 – Rs. 8,000; 2017 – Rs. 10,000; 2018 – Rs. 9,000

Calculation of Average profit: 2016 – Rs. 8,000; 2017 – Rs. 10,000; 2018 – Rs. 9,000Valuation of goodwill = Rs. 9,000

Answer 2

Explanation:

Given :

Year ---- Profit

2016 ---- Rs. 8,000,

2017 ----- Rs. 10,000,

2018 ----- Rs. 9,000

average profit =

$\dfrac{Sum \: of \: total \: profit}{Number \: of \: years}$

Total Profit = 8,000 + 10,000 + 9,000 = 27,000

Total Profit = 27,000

Numbers of years = 3

average profit =

$\dfrac{Sum \: of \: total \: profit}{Number \: of \: years}$

= $\dfrac{27000}{3} = 9000$

average profit = Rs. 9,000

Hence, the average profit = Rs. 9,000.