Discussion

Explanation:

Let the monthly rent of property be r.

Investment on property = 10 lakhs

Money on repairs (Annually) = 12.5/100 × r × 12

Annual taxes = Rs. 3320

Thus, expenditure recovered from rent, annually = 12 × 12.5r/100 + 3320 = 1.5r + 3320

Savings from rent (Annually) = 10/100 × 10,00,000 = 1,00,000

Annual income - Annual Expenditure = Annual Savings

Thus, 12r – (1.5r + 3320) = 1,00,000

or, 10.5r = 96,680

or, r = Rs. 9207.6

Hence, option (d).

» Your doubt will be displayed only after approval.


Doubts


Feedback

Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.


© 2023 | All Rights Reserved | Apti4All