Question

Goodwill is to be calculated at one year's purchase of the average of the
years' profit. The profit of the first year was Rs. 30,000; second year twice
the profit of the first year and the third year one and half times of the profit
of the second year. Calculate the value of goodwill.​

Answer 1

Answer:

45000

Explanation:

as per given information

first year's profit is 30000

2nd year's profit is twice that is 60000

3rd year's profit is one and half times that is 30000+15000

=45000

therefore average of these is 45000