Industrial Engineering MCQ: A house costs Rs. 1000,000. Incidental expenses and taxes amount to Rs. 3600 a year. What rent per month must the owner receive to clear 6% of his investment?

A house costs Rs. 1000,000. Incidental expenses and taxes amount to Rs. 3600 a year. What rent per month must the owner receive to clear 6% of his investment?

Correct Answer: Rs. 800

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