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?


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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


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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About the Author

This is Ashutosh Nautiyal. Currently, I'm pursuing my graduation from Bipin Tripathi Kumaon Institute Of Technology, Dwarahat, Almora and my branch is Civil Engineering. I have done my schooling at Omkarananda Saraswati Nilayam, Rishikesh.

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