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
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Answer Posted / 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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