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. 26,000 is made?	Choose one:
A) 328897
B) 122000
C) 877888
D) 277768
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. 26,000 is made = 96,000 + 26,000 = Rs. 1,22,000   Answer: 122000
<result>B</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. 26,000 is made?