CBSE 2023 · Region 4 · Set 2 · Q16

The goodwill of a firm was valued on the basis of $\displaystyle 3$ years purchase of average profits for the last four years. The profits of last four years ending 31st March were as follows : Year Profit/Loss ( < ) $\displaystyle 2018$ $\displaystyle 19$ $\displaystyle (14,500)$ $\displaystyle 2019$ $\displaystyle 20$ $\displaystyle 15,400$ $\displaystyle 2020$ $\displaystyle 21$ $\displaystyle 32,900$ $\displaystyle 2021$ $\displaystyle 22$ $\displaystyle 16,800$ The value of goodwill of the firm was :