THe capital firm of A and B is rs-10,00,000and the market rate of interest is 15% annual salary to the partners is Rs60,000 each.The proits of the last three years were Rs-2,800000,Rs-3,800,000 rs-4,20,000 good will of the firm is to be valued on the basis of two years purchase of last three years average super profits .Calculate the good will of the farm.
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the answer is ₹3,74,000 because we don't calaculate of total 3 years only current year
one is of previous year second is current year and third is of next year
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