CUET Accountancy - In case normal profit is Rs 60,000 then what will be the normal rate of return? | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 2

Partnership

Easy

12%

15%

10%

14%

✅ Correct Option: 1

Related questions:

15 May Shift 1

A business has earned average profits of Rs. 1,00,000 during the last few years and the normal rate of return in a similar business is 25%. Ascertain the value of goodwill by capitalisation of average profits method, given that the value of net assets of the business is Rs. 3,20,000.

15 May Shift 1

Hemant and Naman are partners in a firm sharing profits in the ratio of 3:2. Their capitals were Rs. 80,000 and Rs. 50,000 respectively. They admitted Samrat on Jan. 1, 2025 as a new partner for 1/5 share in the future profits. Samrat brought Rs. 60,000 as his capital. Calculate the value of goodwill of the firm?

3 June Shift 1

The profits of the firm for the five years are as follows:

Year	Profit (Rs.)
2012-13	20,000
2013-14	24,000
2014-15	30,000
2015-16	25,000
2016-17	18,000

Calculate the value of goodwill on the basis of three years' purchase of weighted average profits based on weights of the last five years as 1,2,3,4 and 5 respectively.

CUET Accountancy 2025 13 May Shift 2 PYQs

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