Question No 26 of TS Grewal (CBSE)
A firm earned average profit of Rs. 3,00,000 during the last few years. The normal rate of return of the industry is 15%. The assets of the business were Rs. 17,00,000 and its liabilities were Rs. 2,00,000. Calculate the goodwill of the firm by capitalization of average profit.
Solution No 26 of TS Grewal (CBSE)