Aayush and Aarushi are partners sharing profits and losses in the ratio of 3: 2. They admitted Naveen into partnership for l/4th share. Goodwill of…

Average Net Profit = ₹$\displaystyle 20,000$ Normal Profit = Normal Rate of Return x Capital Employed Normal Profit = $\displaystyle 10$ x $\displaystyle 50,000$ = ₹$\displaystyle 5,000$ $\displaystyle 100$ Super Profit = Average Net Profit – Normal Profit = $\displaystyle 20,000$ – $\displaystyle 5,000$ = ₹$\displaystyle 15,000$ Goodwill of the firm = Super Profit x Number of Years’ Purchase = $\displaystyle 15,000$ x $\displaystyle 3$ = ₹$\displaystyle 45,000$ Goodwill Premium brought by Naveen = $\displaystyle 1$ x $\displaystyle 45,000$ = ₹$\displaystyle 11,250$ $\displaystyle 4$