Question : Goodwill of the firm on the basis of 2 years' purchase of average profit of the last 3 years is Rs.25.000. Find average profit.
Option 1: Rs.50,000
Option 2: Rs.25,000
Option 3: Rs.10,000
Option 4: Rs.12,500

Question

Question : Goodwill of the firm on the basis of 2 years' purchase of average profit of the last 3 years is Rs.25.000. Find average profit.

Option 1: Rs.50,000

Option 2: Rs.25,000

Option 3: Rs.10,000

Option 4: Rs.12,500

Team Careers360 · Accepted Answer

Correct Answer: Rs.12,500

Solution : Goodwill = Average Profit X Number of years purchase
Rs.25,000 = Average Profit X 2
Average Profit = Rs.25,000/2 = Rs.12,500
Hence, the correct option is 4.

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Question : Goodwill of the firm on the basis of 2 years' purchase of average profit of the last 3 years is Rs.25.000. Find average profit.Option 1: Rs.50,000Option 2: Rs.25,000Option 3: Rs.10,000Option 4: Rs.12,500

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Question : Goodwill of the firm on the basis of 2 years' purchase of average profit of the last 3 years is Rs.25.000. Find average profit.
Option 1: Rs.50,000
Option 2: Rs.25,000
Option 3: Rs.10,000
Option 4: Rs.12,500