The Capital of the firm of Ravi and Harish is Rs. 20,00,000 and the market rate of interest is 15%. Annual salary to the partners is Rs. 1,20,000 each. The profit for the last three years were Rs. 6,00,000, Rs. 7,20,000 and Rs. 8,40,000. Goodwill of the firm is to be valued on the basis of two years’ purchase of last three years average super profit. Calculate the goodwill of the firm.
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hello ji answer is 200000 hope it's correct
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