Profits of a firm for the year ended 31st March for the last five years were:

Year Ended 31st March, 2021 31st March, 2022 31st March, 2023 31st March, 2024 31st March, 2025
Profits (₹) 20,000 24,000 30,000 25,000 18,000

Calculate value of goodwill on the basis of three years’ purchase of Weighted Average Profit after assigning weights 1, 2, 3, 4 and 5 respectively to the profits for years ended 31st March, 2021, 2022, 2023, 2024 and 2025.

Answer :

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