Mathematics · Profit and Loss
A bank is evaluating the cost-benefit of replacing 2 manual sorters with a High-Speed Currency Sorting Machine (HSSM). * HSSM cost: ₹15,00,000 (Life: 5 years, Straight-line depreciation, zero residual value) * Manual sorters cost: ₹4,00,000/year * Machine annual maintenance: ₹50,000/year * Operational efficiency savings: ₹1,00,000/year Calculate the Net Annual Saving (or Loss) for the bank.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Saving of ₹2,00,000
- 2Loss of ₹50,000
- 3Saving of ₹1,00,000
- 4Saving of ₹1,50,000✓
Correct answer
Saving of ₹1,50,000
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