Which of the following is true?
A. Super profit = Total profit/Number of years
B. Super profit = weighted profit/Number of years
C. Super profit = Average profit – Normal profit
D. Super profit = Average profit x years of purchase
Answer:C
Which of the following is true?
A. Super profit = Total profit/Number of years B. Super profit = weighted profit/Number of years C. Super profit = Average profit – Normal profit D. Super profit = Average profit x years of purchase