Given: Length of a rectangular piece of land =500m
and Breadth of a rectangular piece of land =300 m
Area of a rectangular piece of land = Length × Breadth =500×300=1,50,000m2
Since, the cost of 1m2 land = Rs 10,000
∴, the cost of 1,50,000m2 land =10,000×1,50,000=Rs1,50,00,00,000