Write a word / term / phrase which can substitute the statement: Average Profit – Normal Profit = _____
Q.1 (C) (3) Write a word / term / phrase which can substitute the statement: Average Profit – Normal Profit = _____
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Answer: Super Profit
Super profit is the excess of the average profit of the firm over the normal profit (normal rate of return on capital employed). Goodwill is often valued at a number of years' purchase of super profit.
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· 28 Oct 2026
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