Capital employed by a Partnership firm is ₹5,00,000. Its average profit is ₹60,000. The normal rate of return in similar type of business is 10%. The amount of super profits of the firm will be:-

₹10,000

The correct answer is Option (2) → ₹10,000.

Capital employed = ₹5,00,000.
Normal rate of return = 10%
Normal profit = 5,00,000 x 10/100
                    = 50,000

Average profit = 60,000

Super profit = Average profit - Normal profit
                  = 60,000 - 50,000
                  = 10,000