CBSE 2025 · Region 6 · Set 3 · Q3

Uma and Veena were partners in a firm sharing profits and losses in the ratio of $\displaystyle 4$ : 5. On 1st April, $\displaystyle 2024$ they decided to admit Usha as a new partner for th share in the profits of the firm. On Usher's admission it was decided that the goodwill of the firm will be valued equal to the previous year's profit. The profit for the year ended 31st March, $\displaystyle 2024$ were ₹ $\displaystyle 5,76$,000. However, to arrive at this profit, both the opening stock and closing stock were overvalued by ₹ $\displaystyle 50$,000. The goodwill of the firm will be :