Calculate goodwill of the firm by super profit method if goodwill is valued at 2 years purchase and Capital employed is ₹100000 and market rate of return is 15%. Net profit earned by the firm for the last 3 year is ₹108000?

₹42000 ₹216000 ₹21000 ₹30000

₹42000

Normal profit = 100000*15/100 = ₹15000 Average profit = 108000/3 = ₹36000 Super profit = 36000-15000 = ₹21000 Goodwill= 21000*2 = ₹42000