Question

Hem and Nem are partners in a firm Sharing Profits in the ratio of $3: 2$. Their Capitals were $₹ 80,000$ and $₹ 50,000$ respectively. They admitted Sam for $\frac{1}{5}$ share and he brought $₹ 60,000$ as his Capital. Goodwill of the firm will be:

• A. $1,90,000$
• B. $22,000$
• C. $1,10,000$
• D. $80,000$

Answer 1

Answer: (C)

$1,10,000$

Answer 2

The correct option is (C) :$1,10,000$