"A firm's Super Profit is 5,000 and Total Assets are of Rs 1,00,000.
Whereas external liabilities are of Rs 35,000. NRR is 10%. Calculate Average Profit. "
Answer & explanation
Correct answer: option 2
"SP + NP = AP
NP = (1,00,000 - 35,000 ) * 10% = 6,500
SP = 5,000
AP = 5,000 + 6,500 = 11,500
"
NP = (1,00,000 - 35,000 ) * 10% = 6,500
SP = 5,000
AP = 5,000 + 6,500 = 11,500
"