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Profits were 16,000; 20,000; 24,000; 32,000 on capital Rs. 1,00,000 at 18%. Goodwill at 3 years' super profit?
ARs. 15,000
BRs. 69,000
CRs. 5,000
DRs. 54,000
Answer & Solution
Correct answer: A. Rs. 15,000
Average is 23,000, normal profit 18,000, super profit 5,000, so three years gives 15,000.
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