Question

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 1

______✨ HEY MATE ✨______

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SOLUTION :-
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The total cost for the year = 250000+2% of 2500000+2000 = Rs. 257000.
For getting return of 15% he must earn = 257000*15/100 = Rs. 38550 per year. 
Then, monthly rent = 38550/12 = Rs. 3212.5.

So , Option (D) Rs. 3212.5 is the right answer ✔️

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Answer 2

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★ Refer to the attachment ★