question_answer

The net profits for the last 3 years were: 2018-19 Rs.70,000; 2019-20 Rs.60,000 and 2020-21 Rs.80,000. There was an abnormal loss of Rs.15,000 included in the year 2019-20. Profit of the year 2020-21 includes loss on sale of furniture (Furniture whose book value was 10,000 sold for 7,000). Adjusted average profit will be:

A) 67,333

B) 52,000

C) 70,000

D) 76,000