The capital of the firm of Anuj and Benu is 10,00,000 and the market rate of interest is 15%. Annual salary to the partners is 60,000 each. Profits for the last three years were 3,00,000, 3,60,000 and 4,20,000. Goodwill of the firm is to be valued on the basis of two years’ purchase of last three years average super profit. Calculate the goodwill of the firm. (CBSE 2019)

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