A landlord bought a flat for ₹8,00,000. He wants to earn a 9% annual return on…
2025
A landlord bought a flat for ₹8,00,000. He wants to earn a 9% annual return on his investment after paying ₹2,000 per month for maintenance. What should be the monthly rent he charges?
- A.
₹7,000
- B.
₹7,500
- C.
₹8,000
- D.
₹8,500
Attempted by 26 students.
Show answer & explanation
Correct answer: C
1. Required Annual Return: 9% of ₹8,00,000 = ₹72,000. 2. Required Monthly Return: ₹72,000 / 12 = ₹6,000. 3. Monthly Maintenance Cost: ₹2,000. 4. Total Monthly Rent Needed: ₹6,000 (Target Return) + ₹2,000 (Maintenance) = ₹8,000. Final Answer: Option C