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?

Answer: Option D

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