The average profit earned by the firm is 75000 which include undervaluation of stock of 5000 on an average basis.the capital invested in the business is 700000 nd the normal rate of return is 7%.calculate goodwill in the basis of 5 times the super profit??
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The average profit earned by a firm is Rs 75,000 which includes undervaluation of stock of Rs 5,000 on an average basis. The capital investd in the business is Rs 7,00,000 and the normal rate of return is 7%. Calculate goodwill of the firm on the basis of 5 times the super profit. = Rs 31,000 × 5 = Rs 1,55,000.
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