The value of a machine depreciates at 20% 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 one:
A) $250000
B) $430000
C) $120000
D) $170000
E) $150000
$120000   $1,20,000   The value of the machine after two years = 0.8 * 0.8 * 1,50,000 = $96,000   SP such that a profit of $24,000 is made = 96,000 + 24,000 = $1,20,000
<result>C</result>
The value of a machine depreciates at 20% 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?