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. 20,000 is made? Choices.
A) 328897 B) 120000 C) 877888 D) 116000 E) 188871

Rationale: "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 . 20,000 is made = 96,000 + 20,000 = rs . 1 , 16,000 answer : d"
Answer: D