The value of a machine depreciates at 24% 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 the correct choice from the following choices
A) $250640 B) $430640 C) $120640 D) $110640 E) $150640
The value of the machine after two years = 0.76 * 0.76 * 1,50,000 = $86,640   SP such that a profit of $24,000 is made = 86,640 + 24,000 = $1,10,640   $110640
<result>D</result>
The value of a machine depreciates at 24% 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?