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Profits were Rs 90,000, Rs 1,10,000, Rs 1,30,000. Goodwill at 2 years' purchase?
ARs 1,10,000
BRs 6,60,000
CRs 3,30,000
DRs 2,20,000
Answer & Solution
Correct answer: D. Rs 2,20,000
Average profit is 3,30,000 divided by 3 which is 1,10,000, and twice this gives 2,20,000.
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