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Last 4 years total profit of a firm is ₹ 76,000. What is the value of goodwill if it is calculated on basis of 2 years purchase ?

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Last 4 years total profit of a firm is ₹ 76,000. What is the value of goodwill if it is calculated on basis of 2 years purchase ?

(A) ₹ 19,000
(B) ₹ 76,000
(C) ₹ 38,000
(D) ₹ 1,52,000

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1 Answer

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Correct option is (C) ₹ 38,000

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