Mr. Katial buys a house for ₹100000 and rents | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(C) Let the monthly rent be $₹x$.The annual rent is $12x$.Upkeep and repairs per year = $12.5 \%$ of $12x = 0.125 	imes 12x = 1.5x$.Annual taxes = $₹

Vedclass · Accepted Answer

$554.76$

Vedclass · Answer

(C) Let the monthly rent be $₹x$.The annual rent is $12x$.Upkeep and repairs per year = $12.5 \%$ of $12x = 0.125 	imes 12x = 1.5x$.Annual taxes = $₹325$.Net annual income = (Total annual rent) - (Upkeep and repairs) - (Taxes) = $12x - 1.5x - 325 = 10.5x - 325$.The annual return on investment is $5.5 \%$ of $₹100000 = 0.055 	imes 100000 = ₹5500$.Equating the net annual income to the annual return:$10.5x - 325 = 5500$$10.5x = 5825$$x = \frac{5825}{10.5} \approx ₹554.76$.Thus,the monthly rent is approximately $₹554.76$.

Mr. Katial buys a house for ₹$100000$ and rents it out. He puts $12.5 \%$ of each month's rent aside for upkeep and repairs,pays ₹$325$ per year as taxes,and realizes a $5.5 \%$ annual return on his investment. Find the monthly rent.

Similar Questions

$A$ village lost $12 \%$ of its goats in a flood and $5 \%$ of the remainder died from diseases. If the number left now is $8360$,what was the original number before the flood?

$A$ man spends $75 \%$ of his income. His income is increased by $20 \%$ and he increases his expenditure by $10 \%$. His savings are increased by: (in $\%$)

Six-elevenths of a number is equal to $22 \%$ of a second number. The second number is equal to one-fourth of a third number. The value of the third number is $2400$. What is $45 \%$ of the first number?

$A$ spider climbed $62 \frac{1}{2} \%$ of the height of the pole in one hour and in the next hour it covered $12 \frac{1}{2} \%$ of the remaining height. If the height of the pole is $192 \, m$,then the distance climbed in the second hour is:

What per cent of $\frac{2}{7}$ is $\frac{1}{35} ?$

Vedclass Test Series

Exam Paper Generator

Online Exam Module