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. 25,000 is made?	Pick one
A) Rs. 1,10,000 B) Rs. 1,20,000 C) Rs. 1,24,000 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. 25,000 is made = 96,000 + 25,000 = Rs. 1,21,000   ANSWER:Rs. 1,21,000
<result>D</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. 25,000 is made?