Please ans 5
Solution:
Average Profit = (18000 +20500 + 25500 + 28000 + 23000) /5
= 115000 /5
= 23000
Goodwill = 3 x average profit - 10% (3x average profit )
= 3 x 23000 - [10% (3 x23000)]
= 69000 - 6900
= Rs 62100
Average Profit = (18000 +20500 + 25500 + 28000 + 23000) /5
= 115000 /5
= 23000
Goodwill = 3 x average profit - 10% (3x average profit )
= 3 x 23000 - [10% (3 x23000)]
= 69000 - 6900
= Rs 62100