The value of a machine depreciates at 25% 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 one:
A) $258375
B) $438375
C) $128375
D) $108375
E) $158375
The value of the machine after two years = 0.75 * 0.75 * 1,50,000 = $84,375   SP such that a profit of $24,000 is made = 84,375 + 24,000 = $1,08,375   $108375
<result>D</result>
The value of a machine depreciates at 25% 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?