Question : Following were the profits of the firm for the last 3 years
| Years | Profit |
| 2019-2020 | 3,00,000 (including abnormal gain of Rs 90,000) |
| 2020-2021 |
2,40,0000 (after charging abnormal loss of Rs 1,20,000) |
| 2021-2022 |
3,60,000 (excluding Rs 1,20,000 payable on the insurance of machinery) |
Goodwill of the firm on the basis of 4 years purchase of the average profit for the last three years will be
Option 1: Rs 12,00,000
Option 2: RS 10,80,000
Option 3: Rs 12,80,000
Option 4: none of these
Correct Answer: RS 10,80,000
Solution : Answer = Rs 10,80,000
Adjusted profit
| 2019-2020 |
3,00,0000-90,000= Rs 2,10,000 |
| 2020-2021 |
2,40,000 + 1,20,000= Rs 3,60,000 |
| 2021-2022 |
Rs 3,60,000-1,20,000= Rs 2,40,000 |
Total adjusted profits = 8,10,000
Adjusted average profit= 8,10,000/3 = Rs 2,70,000
Goodwill = 2,70,000 X 4= 10,80,000
Hence, the correct option is 2.
Related Questions
Question : The below table represents the monthly income of 100 families in a locality.
| Monthly income range | Number of families |
| Income more than Rs. 10,000 | 100 |
| Income of more than Rs. 13,000 | 85 |
| Income of more than Rs. 16,000 | 69 |
| Income more than Rs. 19,000 | 50 |
| Income more than Rs. 22,000 | 33 |
| Income more than Rs. 25,000 | 15 |
The number of families having an income range (in Rs.) of 19000-22000 is:
Option 1: 17
Option 2: 19
Option 3: 22
Option 4: 24
Question : Refer to the following data table and answer the question.
| Year | Profit / Loss in Rs. crore |
| 2011 | 5 |
| 2012 | 15 |
| 2013 | –20 |
| 2014 | –15 |
| 2015 | –5 |
What was the total profit or loss of the company in the last 5 years?
Option 1: Profit of Rs. 20 crores
Option 2: Loss of Rs. 30 crores
Option 3: Loss of Rs. 20 crores
Option 4: Profit of Rs. 30 crores
Question : The following table shows the number of centuries scored by cricketers in the past 5 years.
| Cricketers | Years | 2021 | 2020 | 2019 | 2018 | 2017 |
| A | 1 | 0 | 2 | 1 | 1 | |
| B | 1 | 2 | 0 | 0 | 1 | |
| C | 0 | 0 | 1 | 1 | 0 | |
| D | 0 | 1 | 1 | 0 | 1 | |
| E | 1 | 0 | 1 | 0 | 1 |
In which year the maximum number of centuries were scored?
Option 1: 2020
Option 2: 2018
Option 3: 2019
Option 4: 2021
Question : Refer to the data table and answer the following question.
| Years | Company's % profit |
| 2011 | 10 |
| 2012 | 25 |
| 2013 | 20 |
| 2014 | 15 |
| 2015 | 20 |
What was the revenue of the company if its Expenditure was Rs. 225 crore in the year when its % profit was the least?(in Rs. Crore)
Option 1: 270
Option 2: 247.5
Option 3: 292.5
Option 4: 225
Question : Calculate the mean from the following table.
| Scores | Frequencies |
| 0-10 | 2 |
| 10-20 | 4 |
| 20-30 | 12 |
| 30-40 | 21 |
| 40-50 | 6 |
| 50-60 | 3 |
| 60-70 | 2 |
Option 1: 34.2
Option 2: 33.4
Option 3: 32.6
Option 4: 35.8
