A company purchased a machinery on 01-01-2015 for a sum of Rs. 60,000. The retail price index on that date was 150. What is the value of machinery according to CPP method on 31st December 2015, When the price index was 200.
1
Rs. 1,00,000
2
Rs. 90,000
3
Rs. 80,000
4
Rs. 70,000