Capital Employed by a partnership firm is ₹ 5,00,000. Its average profit is ₹ 60,000. The normal rate of return is similar type of business is 10%. The amount of super profit is
Capital Employed by a partnership firm is ₹ 5,00,000. Its average profit is ₹ 60,000. The normal rate of return is similar type of business is 10%. The amount of super profit is
a) ₹ 50,000
b) ₹ 10,000
c) ₹ 6,000
d) ₹ 56,000
Anurag Pathak Changed status to publish April 16, 2023
Ans – b)
Explanation:-
Normal Profit = 5,00,000 * 10% = ₹ 50,000
Super Profit = Average Profit – Normal Profit
Super Profit = ₹ 60,000 – ₹ 50,000
Supre Profit = ₹ 10,000
Anurag Pathak Changed status to publish April 16, 2023
