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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
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Answer Posted / 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 | 7 No |
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