SSC CGL Official PYQQuantitative Aptitude12 Sep 2025 (Shift 1)
Q.
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?
A
a) ₹9,500
B
b) ₹10,000
C
c) ₹12,500
D
d) ₹11,000
Correct Answer: Option C)
Detailed Step-by-Step Explanation:
Desired net annual return = 10% of 12,00,000 = 1,20,000. Annual maintenance cost = 2,500 * 12 = 30,000. Gross annual rent required = 1,20,000 + 30,000 = 1,50,000. Monthly rent = 1,50,000 / 12 = ₹12,500.