P, Q and R are sharing profits and losses equally. R retires and the goodwill is appearing in the books at Rs 30,000. Goodwill of the firm is valued at Rs 1,50,000. Calculate the net amount to be credited to R's Capital A/c.

₹40000

R's Share in Goodwill on revaluation = 1/3*1,20,000
                                                         = ₹40,000