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. 22,000 is made?
Select the correct option:
A) 328897
B) 120000
C) 118000
D) 277768
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 . 22,000 is made = 96,000 + 24,000 = rs . 1 , 18,000 answer : c
Answer: C