[CBSE] DK Goel Q. 51 Change in Profit Sharing Ratio Solutions Class 12 (2026-27)
Solution of Question 51 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2026-27)
Rishi and Suman were partners in a firm. Their capitals were : Rishi 1,20,000 and Suman ₹80,000. The normal rate of return in similar business is 12%.
The profits of the last four years were:
Year
2019-20 – ₹ 33,000
2020-21 – ₹ 31,000
2021-22 – ₹ 25,000
2022-23 – ₹ 34,000
Calculate goodwill of the firm based on:
(i) Three years’ purchase of the last three years’ average profits.
(ii) Capitalisation of last 3 years’ super profit.(C.B.S.E. 2024, M.P.)
[Ans. Goodwill (i) ₹90,000 (ii) 50,000]
Solution:-
