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. 28,000 is made?	Choose the correct answer.
A) 328897 B) 120000 C) 877888 D) 124000 E) 188871
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. 28,000 is made = 96,000 + 28,000 = Rs. 1,24,000   Answer: 124000
<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. 28,000 is made?