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Question

Thomas is a commercial farmer and purchase a square piece of land of dimension 100 m by 100 m. If the cost of 50 hectare of land is Rs. 250000, then find the rate of 1 square metre of the piece of land he purchased?

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Solution

Area of the land = 100 × 100 = 10000 sq. m

cost of 50 hectares of land is Rs. 250000
So, cost of 1 hectare of land = Rs.25000050
= Rs. 5000
Now, 1 heactare = 10,000 sq. m
So, Price of one square metre = 10,00010,000 × Rs. 5000
= Rs. 5000

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