of profits in excess of profits @15% on the money invested. Calculate the Value you
B. The total capital of the firm of Sakshi, Mehak and Megha is * 1,00,000 and the market rate of interest is
15%. The net profits for the last 3 years were 30,000; * 36,000 and 42,000. Goodwill is to be valued
at 2 years' purchase of the last 3 years' super profits. Calculate the goodwill of the firm. (Delhi 2017)
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Answer:
(i) x + 3 = 0
LHS = x + 3
Put x = 3, we get
LHS = 3 + 3 = 6 ≠ RHS
So, the equation is not satisfied.
(ii) x + 3 = 0
LHS = x + 3
Put x = 0, we get
LHS = 0 + 3 = 3 ≠ RHS
So, the equation is not satisfied.
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