Anurag and Manish are partners in a firm sharing profits in the ratio of 3:2. Their capitals were Rs. 1,00,000 and Rs. 80,000 respectively. They admitted Priya on Jan. 1, 2025 as a new partner for 1/5 share in the future profits. Priya brought Rs. 80,000 as her capital. Calculate Priya's share of Goodwill.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Rs. 28,000
The value of goodwill is not given, so it is the hidden goodwill: the gap between the capital the firm should have on the basis of the new partner’s contribution and the capital it actually has.
Total capital of the new firm = Rs. 80,000 × 5/1 = Rs. 4,00,000
Actual capital = Rs. 1,00,000 + Rs. 80,000 + Rs. 80,000 = Rs. 2,60,000
Goodwill of the firm = Rs. 4,00,000 − Rs. 2,60,000 = Rs. 1,40,000
Priya’s share of goodwill = Rs. 1,40,000 × 1/5 = Rs. 28,000
Rs. 1,40,000 is the goodwill of the whole firm; the question asks only for Priya’s 1/5 of it.
Note: NTA picked this question from an NCERT (2026-27) illustration and changed the figures. Do not ignore NCERT while practising numericals.
NCERT (2026-27 edition):
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