There is a piece of land 10,000 metre square which is to be sold at the rate of Rs. 2000 per square metre. If a man has Rs. 2,50,000 with him, find the percentage of land that he can purchase with this amount.
There is a piece of land 10,000 metre square which is to be sold at the rate of Rs. 2000 per square metre. If a man has Rs. 2,50,000 with him, find the percentage of land that he can purchase with this amount.
Share
Let’s calculate the percentage of land that the man can purchase with Rs. 2,50,000.
First, we’ll find out the total cost of the land:
Total cost of the land = Area of the land × Rate per square metre
= 10,000 m² × Rs. 2000/m²
= Rs. 2,00,00,000
Now, the man has Rs. 2,50,000 with him. The percentage of the land he can purchase with this amount is:
Percentage of land = (Amount he has / Total cost of the land) × 100
= (2,50,000 / 2,00,00,000) × 100
= 0.0125 × 100
= 1.25%
Therefore, the man can purchase 1.25% of the land with Rs. 2,50,000.