Step 1: Calculating the length of the fence
Given,
The length of each side of the square =55 m The perimeter of the square plot is given by:
P=4×(Side)
P=4×(55)
P=220 m
We know that,
The length of fence = perimeter of plot =220 m
Step 2: Calculating the cost of fencing at the rate of ₹32 per meter
Cost of fencing the plot
= length of fence × Rate of fencing =220×32=₹7,040
Hence, the cost of fencing the field is ₹7,040.