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A man brought a house for Rs. 5lakhs and rents it. he puts
12 1/2% of each month's rent aside for repairs, pays Rs.1660
as annual taxes and realizes 10% on his investment
thereafter. the monthly rent of the house is :
a) Rs.2460 b)Rs.2500 c)Rs.4920 d)Rs.5000

Question Posted / bhavya.hj.ds

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A man brought a house for Rs. 5lakhs and rents it. he puts 12 1/2% of each month's rent aside ..

Answer / dilip

Option C
Since In question ,taxes are calculated on annual basis, therefore we have to calculate on year basis .
Number of month in a year = 12
let the rent = x
therefore rent = 12x
Atq
(income on yearly basis) - (given 12.5 % on rent) - (year basis) = (10 % on investment(500000))
12x-12.5 of 12x -1660 = 10 % on investment(500000)

Is This Answer Correct ?    40 Yes 6 No

A man brought a house for Rs. 5lakhs and rents it. he puts 12 1/2% of each month's rent aside ..

Answer / spider man

The taxes are given annually,so we have to solve as per year.
12.5 percent of x multiplied by 12 +rs.1660+10 percent of x =12x.
Rs.51660=12x- 3x/2.
X=4920.
Therefore, answer is 'C'.

Is This Answer Correct ?    12 Yes 2 No

A man brought a house for Rs. 5lakhs and rents it. he puts 12 1/2% of each month's rent aside ..

Answer / prasad

"c" = 4920
repairs(12.5)=615
total tax per annum=1660
tax per month =138
remianing money for owner= 10% of invested money(5L)
remaining money per month =4167

rent per month=tax+repair+remian money
              =615+138+4167
              =4920

Is This Answer Correct ?    19 Yes 18 No

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