An apartment was purchased in 2013 for Rs. 10 lakh and was given on rent for two years at a monthly rent of Rs. 12000. After two years, at what price should the apartment be sold to ensure a 30% profit on the purchase price?

An apartment was purchased in 2013 for Rs. 10 lakh and was given on re

1.	An apartment was purchased in 2013 for Rs. 10 lakh and was given on rent for two years at a monthly rent of Rs. 12000. After two years, at what price should the apartment be sold to ensure a 30% profit on the purchase price?
A.	Rs. 980000
B.	Rs. 1012000
C.	Rs. 1000800
D.	Rs. 1040000
Answer» C. Rs. 1000800

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An apartment was purchased in 2013 for Rs. 10 lakh and was given on rent for two years at a monthly rent of Rs. 12000. After two years, at what price should the apartment be sold to ensure a 30% profit on the purchase price?

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