Question

The average capital employed in a business is
3,00,000. The normal rate of profit is expected at
8% p.a.. If the actual profit of the firm is 40,000.
Calculate the value of goodwill on the basis of two
years purchase of super profit.​

Answer 1

Answer:

300000×8\1oo

=24000

40000-24000

16000

=16000×2

=32000 ans