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. 24,000 is made? Choose the correct choice from the following options:	A) Rs.1,20,050	B) Rs.1,20,000	C) Rs.1,20,008	D) Rs.1,22,000	E) Rs.1,20,085
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. 24,000 is made   96,000 + 24,000   = Rs.1,20,000   Answer: Rs.1,20,000
<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. 24,000 is made?