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P1 C3 VALUATION OF GOODWILL — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C3 VALUATION OF GOODWILL1 Mark
Question
What is weighted average profit?
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Answer

When profit of the last years is given weighted $($i.e. $1, 2, 3 ....)$ and then average profit is found out then it is known as weighted average profit

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