question_answer

You are required to answer the following 29 to 32:

X and Y are sharing profits in the ratio of 5:4. They admit Z as a new partner for 1/6th share in the profits. New ratio agreed upon is 3:2:1. Z brings Rs.2,00,000 as capital but unable to bring premium for goodwill in cash.
At the time of admission of Z, Goodwill to be valued by Capitalization of average profit of last 3 years.
At the year ending 31st March 2019	Profit Rs.39,000 (including abnormal loss of Rs.9,000)
At the year ending 31st March 2020	Profit Rs.83,000 (including abnormal gain of Rs.8,000)
At the year ending 31st March 2021	Profit Rs.72,000
On 1st April 2021, the firm had assets of Rs.8,00,000, Creditors Rs.3,60,000, General Reserve Rs.40,000, Partners capital Accounts Balance Rs.4,00,000.
Normal rate of return expected 13% from this type of business.

Average Adjusted Profit will be:

A) 62,333

B) 62,000

C) 63,000

D) 65,000