Goodwill of the firm is valued at 2.5 years purchase of the average profits and losses of last five years. The profits and losses for the last five years were –Rs. 34,550, Rs. 79,340, (Rs. 16,550), Rs, 23,600 and Rs. 82,400. How much is the goodwill of the firm? *
1,10,760
1,01,670
1,18,220
1,81,220
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Answer:
Option b
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