Question

Course.
Q.35:-Total assets and liabilities of the firm are
Rs 70000 and Rs 10000. Average Profit is
Rs.8000. NRR 10%. Calculate Super Profit?
O
Rs 1000
O
Rs 2000
Rs 3000
Rs 4000​

Answer 1

Answer:

Rs 2,000

Super Profit = Rs 2,000

Explanation:

Solution :

Super Profit = Average Profit - Normal Profit

• Average Profit = Rs. 8000

Normal Profit =

Capital Employed × $\dfrac{NRR}{100}$

Capital Employed = Total assets - Liabilities

$\longrightarrow$ Rs 70,000 - Rs 10,000

$\longrightarrow$ 60,000

Capital Employed = Rs 60,000

Normal Profit =

Capital Employed × $\dfrac{Normal \: Rate \: of \: Return}{100}$

$\longrightarrow$ 6,000

Normal Profit = Rs ,6,000

Super Profit = Average Profit - Normal Profit

$\longrightarrow$ 8000 - 6,000

$\longrightarrow$ 2,000

Super Profit = Rs 2,000

Therefore,

Rs 2,000

Super Profit = Rs 2,000

Answer 2

Given :

Assets - 70,000

Liabilities - 10,000

NRR Normal Rate of Return - 10 %

Average Profit - 8,000

To Find :

Super Profits

Solution :

$\\ \maltese \sf \: Capital \: Employed = Total \:Assets \: - Liabilites$

$\sf\dashrightarrow \: Capital \: Employed \: = 70000 - 10000$

$\sf\dashrightarrow \: Capital \: Employed \: = 60000$

$\\ \maltese \sf \: Normal \: Profits \: = \dfrac{Capital \: Employed \times NRR}{100}$

$\sf\dashrightarrow \: NP \: = \dfrac{60000 \times 10}{100}$

$\sf\dashrightarrow \: NP\: = \frac{600000}{100}$

$\sf\dashrightarrow \: NP\: = 6000$

$\\ \maltese \sf \: Super \: Profit \: = Average \: Profit \: - Normal \: Profits$

$\sf\dashrightarrow \: Super \: Profits \: = 8000 - 6000$

$\sf\dashrightarrow \: Super \: Profit \: = 2000$

$\therefore \sf \: Super \: Profits \: = 2000 \: (b)$