# A man buys a truck for Rs. 2,50,000. The annual repair cost comes to 2% of the price of purchase. Besides, he has to pay an annual tax of Rs. 2000. At what monthly rent must he rent out the truck to get a return of 15% on his net invests of the first year?

A. Rs. 3359

B. Rs. 2500

C. Rs. 4000

D. Rs. 3212.5

**Answer: Option D **

__Solution(By Examveda Team)__

The total cost for the year= 250000 + 2% of 2500000 + 2000

= Rs. 257000

For getting return of 15% he must earn

= $$\frac{{257000 \times 15}}{{100}}$$

= Rs. 38550 per year

Then, Monthly Rent

= $$\frac{{38550}}{{12}}$$

= Rs. 3212.5

Related Questions on Percentage

A. $$\frac{1}{4}$$

B. $$\frac{1}{3}$$

C. $$\frac{1}{2}$$

D. $$\frac{2}{3}$$

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