in the partnership agreement between a b and c who sharing profits ratio 4:2:2 the Goodwill was to be valued on the death of any partner on the basis of such partner sharing of 2 years purchase calculate on the average of 5 years profits immediately preceding the year of death less 10%. the form profits were ₹15000 in 2007 , ₹25000 in 2008 , ₹40000 in 2009 and losses of ₹5000 in 2010 and ₹2000 in 2011 the disease partners share of profit for the period of his lifetime in the year of death was to be based on the average of the profits of 3 previous year + 10% . A died on 31st May 2012 his capital account showed a credit of ₹10000 on 1st January 2012 and he had drawn ₹1500 since that date. show the amount of goodwill and share of profit payble to him.
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