The value of a machine depreciates at 23% 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) $252935  B) $432935  C) $122935  D) $112935  E) $152935
The value of the machine after two years = 0.77 * 0.77 * 1,50,000 = $88,935   SP such that a profit of $24,000 is made = 88,935 + 24,000 = $1,12,935   $112935
<result>D</result>
The value of a machine depreciates at 23% 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?