The capital of the firm of Rajat and Karan is ₹15,00,000 and the market rate of interest is 12%. Annual salary of Rajat and Karan is ₹20,000 and ₹30,000 respectively. The profits for the last three years were ₹2,40,000, ₹2,80,000 and ₹3,20,000. 

Goodwill of the firm is to be valued on the basis of two years purchase of last three years’ average super profits. 

Calculate the goodwill of the firm.

Marks-3, CBSE: 2024-25/Zone-1/Set-1/Q-20