Read the following information and answer the question.

A and B are partners sharing profits equally. They admit C into partnership for equal share with a guaranteed profit of ₹20,000 per year. The books of the firm revealed following information-
Profits of the last 4 years is:
2016- ₹70,000
2017- ₹1,00,000
2018- ₹55,000 (loss)
2019- ₹1,45,000

What is the super profit if capital employed is ₹5,00,000 and market rate of return is 10%?

₹15,000

The correct answer is option 2- ₹15,000.

NORMAL PROFIT = 5,00,000 x 10/100
                          = ₹50,000

TOTAL PROFIT = 70,000 + 1,00,000 - 55,000 + 1,45,000
                      = ₹2,60,000

AVERAGE PROFIT = 2,60,000/4
                           = ₹65,000

SUPER PROFIT = Average profit - Normal profit
                       =  65,000 - 50,000
                       = ₹15,000