Capital invested in a firm is ₹5,00,000.
Normal rate of return is 10%.
Average profits of the firm are ₹64,000 (after an abnormal loss of ₹4,000 arise due to fire).
Calculate the value of goodwill at 4 times of the super profits?

₹72000

Normal profit= 500000*10/100 = ₹50000
Average profit= 64000+ 4000(abnormal loss) = ₹68000
Super profit = 68000-50000 = ₹18000
Goodwill = 18000*4= ₹72000