What is meant by Average Profit?
What is meant by Average Profit?
Anurag Pathak Changed status to publish April 19, 2023
It is the average of the normal profits of past agreed years.
For example:-
the profits of the past three years are ₹ 50,000, 60,000, and 40,000.
Thus average profit of the past three years
50,000 + 60,000 + 40,000/3 = ₹ 50,000
Anurag Pathak Changed status to publish April 20, 2023
