Profit & Loss Mcqs


Q.  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. Rs. 1,10,000
b. Rs. 1,20,000
c. Rs. 1,24,000
d. Rs. 1,21,000
e. None of these


ANSWER: See Answer
 
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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