On 1st April, 2018, a firm had assets of ₹1,00,000 excluding stock of ₹10,000 and the balance constituted Partners’ Capital Accounts. If the normal rate of return is 8%, the Goodwill of the firm is valued of ₹60,000 at four years’ purchase of super profit, find the actual profits of the firm.

(CBSE Sample Question Paper 2018)