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Discussion :: Profit and Loss

  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?
    2. A.
    Rs. 1,10,000
    B.
    Rs. 1,20,000
    C.
    Rs. 1,24,000
    D.
    Rs. 1,21,000
    E.
    None of these

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    Answer : Option B

    Explanation :

    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

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