What will be the value of Normal Profit , if an existing firm had assets of Rs. 200,000, including cash of Rs. 4,000. Its creditors amounted to Rs. 10,000 on that date. The partners' capital account showed a balance of Rs. 1,60,000, while general reserve amounted to Rs. 30,000. The normal rate of return is 15%. Please answer correctly
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2,00,000+4,000-10,000-30,000
=1,64,00
1,64,000×15/100
=24,600
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