A retired engineer wants to purchase a land of 8000 sqm. area located in a big town to develop it into plots of 500 sqm. each after providing necessary roads, parks and other amenties. The current sale price of small plots in the neighbourhood is Rs. 900 per sqm. The retired engineer wants a net profit of 20%. Workout the maximum price of the land at which the retired engineer may purchase the land.
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A retired engineer wants to purchase a land of 8000 sqm. area located in a big town to develop it into plots
of 500 sqm. each after providing necessary roads, parks and other amenties. The current sale price of
small plots in the neighbourhood is Rs. 900 per sqm. The retired engineer wants a net profit of 20%.
Workout the maximum price of the land at which the retired engineer may purchase the land.
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