The value of a machine depreciates at 21% per annum. If its present value is $1,50,000, at what price should it be sold after two years such that a profit of $24,000 is made? Choose the correct choice from the following choices.
A) $257615	B) $437615	C) $127615	D) $117615	E) $157615
The value of the machine after two years = 0.79 * 0.79 * 1,50,000 = $96,000   SP such that a profit of $24,000 is made = 93,615 + 24,000 = $1,17,615   $117615
<result>D</result>
The value of a machine depreciates at 21% per annum. If its present value is $1,50,000, at what price should it be sold after two years such that a profit of $24,000 is made?