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If average profit is rupees two lakh seventy thousand including abnormal gain of rupees forty thousand and normal profit is rupees one lakh fifty thousand what is super profit?

Answer and explanation

Correct answer: Rupees 80000

First deduct abnormal gain to get adjusted profit of rupees 230000. Then deduct normal profit to get super profit of rupees 80000.

Related tags

GoodwillSuper-ProfitAbnormal-GainAdjusted-ProfitPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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