Question

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Answer 1

Answer:

Firm's profit = 90,000

Interest on capital = 2,50,000 × 6/100 × 4/12

= 5,000

Total profit = 100050 + 200050

= 300100

Average profit = 3,00,000/3

= 10033

Super profit = Average profit - normal profit

Normal profit = 7,50,000 × 5/100

= 37,500

Goodwill = Average profit × No.of years purchases

= 10033 × 2

= 20066

Super profit = 20066 - 37500

= 17434

Answer 2

Answer:
Firm's profit = 90,000
Interest on capital = 2,50,000 × 6/100 × 4/12
= 5,000
Total profit = 100050 + 200050
= 300100
Average profit = 3,00,000/3
= 10033
Super profit = Average profit - normal profit
Normal profit = 7,50,000 × 5/100
= 37,500
Goodwill = Average profit × No.of years purchases
= 10033 × 2
= 20066
Super profit = 20066 - 37500
= 17434


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