From the following information calculate Average Profit of the firm.
Years Profits(₹)
2015 50,000
2016 1,00,000
2017 1,30,000
2018 30,000 ( Loss)
2019 2,00,000
Answer & explanation
Correct answer: option 3
A. P = (50,000 + 1,00,000 + 1,30,000 + 2,00,000 - 30,000)/ 5
= (4,80,000 - 30,000) /5
= 4,50,000/5
= 90,000