Sakshi and Megha were partners sharing profits and losses in the ratio of 3 : 1. Capital Employed as on 31st March, 2024 was ₹ 14,00,000

Sakshi and Megha were partners sharing profits and losses in the ratio of 3 : 1. Capital Employed as on 31st March, 2024 was ₹ 14,00,000. Profit earned on an average is ₹ 1,80,000. Calculate goodwill of the firm on the basis of 5 year’s of Super Profits, if the normal rate of return is 10%.

[Ans. Goodwill – ₹ 2,00,000.]