naeem shaikh (ipcc student ) (132 Points)
29 June 2012
|
Q38. Average capital employed Rs. 5,00,000 Normal rate of return10% Goodwill at 5 years purchase of super profit Rs. 98,000. Calculate the average profit a) Rs. 69,600 b) Rs. 1,48,000 c) Rs. 4,40,000 d) Rs. 48,000 |
Arvind Mantri
(student ca final)
(43 Points)
Replied 29 June 2012
super profit = average profit - normal profit
=> 98000 = AP - { capital employed x normal rate of return}
=> 98000 = AP - { 500000 x 10% }
=> 98000 = AP - 50000
so average profit = 98000+50000
AP = 148000
naeem shaikh
(ipcc student )
(132 Points)
Replied 29 June 2012
but some classes said answer is 69600
CA Ram sharma
(professional)
(46 Points)
Replied 29 June 2012
GOPAL AGGARWAL
(DOING NOTHING)
(1339 Points)
Replied 29 June 2012
CAclubindia
