Ramesh buys a house for ₹ 2,00,000. The annual repair cost comes to 6.0% of the price of purchase. Besides, he has to pay an annual tax of ₹ 12,000. At what monthly rent must he rent out the house to get a return of 20 % on his investment (in ₹) of the first year?

Ramesh buys a house for ₹ 2,00,000. The annual repair cost comes to 6.0% of the price of purchase. Besides, he has to pay an annual tax of ₹ 12,000. A

Ramesh buys a house for ₹ 2,00,000. The annual repair cost comes to 6.0% of the price of purchase. Besides, he has to pay an annual tax of ₹ 12,000. At what monthly rent must he rent out the house to get a return of 20 % on his investment (in ₹) of the first year?

A. ₹ 3867.67
B. ₹ 3733.33
C. ₹ 3000
D. ₹ 3212.50

The correct answer is option B. 3733.33. Can you explain this answer in the comments?

View Complete Solution Here

Books I recommend for Quantitative Aptitude:

1. How to Prepare for Quantitative Aptitude for CAT by Arun Sharma

2. Ace Quantitative Aptitude For Banking and Insurance

3. Quantitative Aptitude Quantum CAT by Sarvesh K Verma

4. Quantitative Aptitude for Competitive Examinations by R.S. Aggarwal

5. Best 4000 Smart Practice Questions for Banking by S. Chand Experts

Ramesh buys a house for ₹ 2,00,000. The annual repair cost comes to 6.0% of the price of purchase. Besides, he has to pay an annual tax of ₹ 12,000. At what monthly rent must he rent out the house to get a return of 20 % on his investment (in ₹) of the first year?

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Mr. Ashutosh Nautiyal is a student who is pursuing his post-graduation (MBA in Infrastructure Development and Management) from SCMHRD, Pune. He has done his B.Tech in Civil Engineering from BTKIT, Dwarahat and his schooling from Omkarananda Saraswat…

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Ramesh buys a house for ₹ 2,00,000. The annual repair cost comes to 6.0% of the price of purchase. Besides, he has to pay an annual tax of ₹ 12,000. At what monthly rent must he rent out the house to get a return of 20 % on his investment (in ₹) of the first year?

Ramesh buys a house for ₹ 2,00,000. The annual repair cost comes to 6.0% of the price of purchase. Besides, he has to pay an annual tax of ₹ 12,000. At what monthly rent must he rent out the house to get a return of 20 % on his investment (in ₹) of the first year?

The correct answer is option B. 3733.33. Can you explain this answer in the comments?

View Complete Solution Here

Books I recommend for Quantitative Aptitude:

1. How to Prepare for Quantitative Aptitude for CAT by Arun Sharma

2. Ace Quantitative Aptitude For Banking and Insurance

3. Quantitative Aptitude Quantum CAT by Sarvesh K Verma

4. Quantitative Aptitude for Competitive Examinations by R.S. Aggarwal

5. Best 4000 Smart Practice Questions for Banking by S. Chand Experts

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