SSC CGL – Combined Graduate Level Examination · Question 55
A landlord bought a property for ₹12,00,000. He wants to earn a 10% annual return on his investment after paying ₹2,500 per month for maintenance. What should be the monthly rent he charges?
Show answer & explanation
Answer: (C) ₹12,500
Explanation
The 10% return on ₹12,00,000 is ₹1,20,000 a year = ₹10,000 a month; adding ₹2,500 maintenance gives ₹12,500.