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?

The value of a machine depreciates at 20% per annum. If its present

1.	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?
A.	1,10,000 Rs.
B.	1,20,000 Rs.
C.	1,30,000 Rs.
D.	1,40,000 Rs.
Answer» C. 1,30,000 Rs.

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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?

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