Goodwill of the firm on the basis of 2 years' purchase of average profit of the last 3 years is Rs. 25,000. Find average profit.
(a) Rs. 50,000
(b) Rs. 25,000
(c) Rs. 10,000
(d) Rs. 2,500
answer with solution
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Answer:
average profit = tottal profits for past given years \no. of years
here already iven in question 25000 multiply 2
answer will be 50000 [a]
Explanation:
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