Q. 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
βœ… Correct Answer: (D) Rs. 3212.5

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