The value of a machine depreciates at 20% per annum. If its present value is Rs. 1,50,000, at what price should it be sold after two years such that a profit of Rs. 29,000 is made? Answers: A) Rs. 1,10,000 B) Rs. 1,20,000 C) Rs. 1,25,000 D) Rs. 1,21,000 E) None of these
The value of the machine after two years = 0.8 * 0.8 * 1,50,000 = Rs. 96,000   SP such that a profit of Rs. 24,000 is made = 96,000 + 24,000 = Rs. 1,25,000   ANSWER:Rs. 1,25,000
<result>C</result>
The value of a machine depreciates at 20% per annum. If its present value is Rs. 1,50,000, at what price should it be sold after two years such that a profit of Rs. 29,000 is made?