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. 27,000 is made?	Choose the correct choice from the following answers:
A) Rs. 1,10,000 B) Rs. 1,23,000 C) Rs. 1,24,000 D) Rs. 1,21,000 E) None of these
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 + 27,000 = Rs. 1,23,000   ANSWER:Rs. 1,23,000
<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. 27,000 is made?