(Calculation of Average Profit).
M/s Hi-Tech India has assets of Rs. 5,00,000 whereas liabilities are: Partners' Capitals - Rs. 3,50,000, General Reserve - Rs. 60,000 and Sundry Creditors - Rs. 90,000. If normal rate fo return is `10%` and goodwill of the firm is valued at Rs. 90,000 at 2 years' purchase of super profit, find average profit of the firm.

On 1st April, 2018 an existing firm had assets of Rs. 2,00,000 including cash of Rs. 4,000. Its creditors amounted to Rs. 10,000 on that date. The partner's capital accounts showed a balance of Rs. 1,60,000 while the general reserve amounted to Rs. 30,000. If the normal rate of return is 15% and the goodwill of the firm is valued at Rs. 36,000 at 3 year's purchase of super profit, find the average profits of the firm.

On April 1st 2015, an existing firm had assets of Rs. 5,00,000 including cash of Rs. 20,000. the firm had a General Reserve of Rs. 90,000, partner's capital accounts showed a balance of Rs. 3,80,000 and creditors amounted to Rs. 30,000. If the normal rate of return is 20% and the goodwill of the firm is valued at Rs. 64,000 at 4 year's purchase of super profit, find the average profits of the firm.

An existing firm had assets of Rs. 4,00,000 including cash of Rs. 15,000. Its creditors amounted to Rs. 20,000 on that date. The partner's capital accounts showed a balance of Rs. 3,00,000 and reserves amounted to Rs. 80,000. If the normal rate of return is 10% and the goodwill of the firm is valued at Rs. 75,000 at 3 year's purchase of super profits, find the average profits of the firm.

(Calculation of Average Profit). On 1st April, 2018, a firm had assets of Rs. 3,00,000 including cash of Rs. 5,000. The Partners' Capital Accounts showed a balance of Rs. 2,00,000 and the Reserve constituted the rest. If the normal rate Of return is 10% and the goodwill of the firm is valued at Rs. 2,00,000 at four years' purchase fo super profit, find the average profit of the firm.

An existing firm had assets of Rs. 4,00,000 including cash of Rs. 15,000. The partner's capital accounts showed a balance of Rs. 3,00,000 and reserves constituted the rest. If the normal rate of return is 12% and the goodwill of the firm is valued at Rs. 50,000 at 2 (1)/(2) year's purchase of super profits, find the average profits of the firm.

On April 1, 2018 an existing firm had assets of Rs. 75,000 including cash of Rs. 5,000. The partner's capital accounts showed a balance of Rs. 60,000 and reserve constituted the rest. If the normal rate of return is 10% and the goodwill of the firm is valued at Rs. 24,000 at 4 year's purchase of Super profits, find the average profits of the firm.

On 1st April, 2019, an existing firm had assets of Rs. 75,000 including cash of Rs. 5,000. Its creditors amounted to Rs. 5,000 on that date. The firm had a Reserve of Rs. 10,000 while Partners' Capital Accounts showed a balance of Rs. 60,000. If Normal Rate of Return is 20% and goodwill of the firm is valued at Rs. 24,000 at four years' purchase of super profit, find average profit per year of the existing firm.

On 1st April, 2014 a firm had assets of Rs. 1,00,000 excluding stock of Rs. 20,000. Partners' Capital Accounts showed a balance of Rs. 60,000. The current liabilities were Rs. 10,000 and the balance constituted the reserve. If the normal rate of return is 8%, the 'Goodwill' of the firm is valued at Rs. 60,000 at four years purchase of super profit, find the average profit of the firm.

On 1st April, 2018, a firm had assets of Rs. 1,00,000 excluding stock of Rs. 20,000. The current liabilities were Rs. 10,000 and the balance consituted Partners' Capital Accounts. If the normal rate of return is 8% , the Goodwill of the firm is valued of Rs. 60,000 at four years' purchase of super profit, find the actual profits of the firm.