Question

Rekha bought a house for Rs. 3,60,000. She spent 12% of this amount for the registry. Find the amount of money she spent on the house.
A. Rs. 4,32,000
B. Rs. 4,03,200
C. Rs. 40,302
D. Rs. 4,30,200

Answer 1

Hint:Find the percentage she spent in the registry of the house she bought. Now to find the money she spent on the house by multiplying the percent spent on registry with the cost she bought the house.
Complete step-by-step answer:
It is said that Rekha bought a house for Rs. 3,60,000.
She spends 12% of this amount for Registry.
Here registry means the transactions that involve the sale of an immovable property for a value exceeding Rs. 100, should be registered. This effectively means that all the transactions of sale of immovable property has to be registered as no immovable property can be purchased for merely Rs. 100.
She spends 12% of the 100% of the amount on the registry.
Thus it becomes \[\left( 100+12 \right)%=112%\].
Thus the amount she spent for registry becomes 112% of the cost she bought the house.
\[\therefore \]Amount she spent \[=112%\times \] cost of the house
Thus the amount she spent for registry \[=112%\] of Rs. 3,60,000 \[=\dfrac{112}{100}\times 360000\].
Now let us simplify the expression,
\[=\dfrac{112}{100}\times 360000=112\times 3600=\] Rs. 4,03,200.
Thus the amount she spent in registry = Rs. 4,03,200.
Option B is the correct answer.

Note:Now the amount Rs. 3,60,000 includes all the 4 types of taxes in buying the house, which are stamp duty, registration fee, value added tax (VAT) and service tax. We were asked to find the amount spent on the registration of the property, which was only 12% of the entire amount.