Question : If average capital employed in a firm is Rs.5,00,000, actual profit is Rs.70,000 and normal rate of return is 10%, then super profit is:

Option 1: Rs.40.000

Option 2: Rs.30,000

Option 3: Rs.50,000

Option 4: Rs.20,000

Question : Average profit is Rs.5,00,000. Capital employed is Rs.40,00,000. Normal rate of return is 8%. The value of goodwill on the basis of capitalisation of super profit is:

Option 1: Rs.22,50,000

Option 2: Rs.25,00,000

Option 3: Rs.32,50,000

Option 4: Rs.15,50,000

Question : Calculate the value of goodwill at 3 years' purchase when: Capital employed Rs.2,50,000; Average profit Rs.30,000 and normal rate of return is 10%.

Option 1: Rs.33,000

Option 2: Rs.25,000

Option 3: Rs.30,000

Option 4: Rs.15,000

Question : A firm earned average profit of Rs.45.000. Rate of return on capital employed is 12% p.a. Total capital employed is Rs.4,00,000. Goodwill on the basis of two years purchase of super profit is:

Option 1: Rs.6,000

Option 2: Rs.12,000

Option 3: Rs.18,000

Option 4: None of these

Question : The goodwill of a firm is Rs.54,000 valued at 4 years purchase of super profit. The capital employed of firm is Rs.2.00,000 and normal rate of return is 10%. The average profit of firm is:

Option 1: Rs.23,500

Option 2: Rs.33,500

Option 3: Rs.20,000

Option 4: Rs.24,500