Read of the following case study and answer question.
Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Nimisha retired and the new profit sharing ratio between Deepali and Sonam was 2 : 3, On Nimisha's retirement, the goodwill of the firm was valued at ₹1,20,000.
Using the information given in above case study, Nimisha's share of goodwill will be:
Answer & explanation
Correct answer: option 3
The correct answer is option (3)- ₹36,000.
Goodwill of the firm = ₹1,20,000
Nimisha share = 1,20,000 x 3/10
= ₹36,000