Advertisements
Advertisements
Question
A man buys a house for Rs 10 lakh and rents it. He puts 10% of the annual rent aside for repairs, Pays Rs. 1000 as annual taxes and realizes 8% on his investment thereafter. Find the annual rent of the house.
Solution
Let ₹ ‘x’ be the annual rent of the house.
The man keeps 10% of the annual rent aside for repairs.
i.e., `10/100 xx "x"` or ₹ `"x"/10` aside for repairs.
In addition, he pays ₹ 1000 as annual taxes.
After incurring these expenses he is left with an amount which is 8% of his investment for the house.
i.e., `8/100 xx 10,00,000`
i.e., ₹ 80,000
∴ `"x" - ("x"/10 + 1000) = 80,000`
∴ `"x" - "x"/10 = 81,000`
∴ `(10"x" - "x")/10 = 81,000`
∴ 9x = 8,10,000
∴ x = 90,000
∴ The annual rent of the house is ₹ 90,000.
APPEARS IN
RELATED QUESTIONS
A vendor bought toffees at 6 for Rs.10. How many for Rs.10 must he sell to gain 20%?
The percentage profit earned by selling an article for Rs. 2880 is equal to the percentage loss incurred by selling the same article for Rs. 1920. At what price the article should be sold to earn a 25% profit?
A cloth merchant advertises selling cloth at a 4% loss. By using a faulty meter scale, he is earning a profit of 20%. What is the actual length of the scale?
Sunil sells his bike worth Rs. 25000 to Rohit at a profit of 20%. After 6 months Rohit sells the bike back to Sunil at a loss of 20%. Find the total profit percent of Sunil considering both the transactions.
Ashwin buys an article for Rs. 500. He marks it for sale at 75% more than the cost price. He offers a 25% discount on the marked price to his customer. Calculate the actual percentage of profit made by Ashwin.
The combined cost price of a refrigerator and a mixture is Rs. 12400. If the refrigerator costs 600% more than the mixer, find the cost price of the mixture.
Find the single discount equivalent to the discount series of 5%, 7%, and 9%.
The printed price of a shirt is Rs. 390. Lokesh pays Rs. 175.50 for it after getting two successive discounts. If the first discount is 10%, find the second discount.
Amar, a manufacturer, gives a discount of Rs. 25% on the list price to his distributor Akbar, Akbar sales at a 10% discount on the list price to his customer Anthony. Anthony paid Rs 540 for the article. What is the profit percentage of Akbar on his cost price?
A man sells an article at a profit of 25%. If he had bought it at 10% less and sold it for Rs 7 less, he would have gained 35%. Find the cost price of the article.
A man sells an article at a profit of 25%. If he had bought it at 10% less and sold it for Rs 7 less, he would have gained 35%. Find the cost price of the article.
Mr. Mehta sold his two luxury cars at Rs. 39,10,000 each. On one he gains 15% but on the other, he loses 15%. How much does he gain or lose in the whole transaction?
A cloth costs Rs. 675. If it is sold at a loss of 20%, what is its cost price as a percentage of its selling price?
A salesman sold an article at a loss of 10%. If the selling price has been increased by Rs. 80, there would have been a gain of 10%. What was the cost of the article?
A, B, and C enter into a partnership. A invests 3 times as much as B invests and B invests two-thirds of what ‘C’ invests. At the end of the year, the profit earned is Rs. 8800. What is the share of ‘B’?
The ratio of investment of two partners Santa and Banta is 11 : 12 and the ratio of their profits is 2 : 3. If Santa invested the money for 8 months, then for how much time Banta his money?
