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Capital 1,00,000 at 15%; two partners' salary 6,000 each; average profit 36,000. Goodwill at 2 years' super profit?
A9,000
B18,000
C30,000
D72,000
Answer & Solution
Correct answer: B. 18,000
Normal profit is 15,000 interest plus 12,000 salaries = 27,000, super profit is 9,000, and two years gives 18,000.
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