The value of a machine depreciates at 22% 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?	Pick:
A) $255260
B) $435260
C) $125260
D) $115260
E) $155260
The value of the machine after two years = 0.78 * 0.78 * 1,50,000 = $91,260   SP such that a profit of $24,000 is made = 91,260 + 24,000 = $1,15,260   $115260
<result>D</result>
The value of a machine depreciates at 22% 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?