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?
Open in App
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