Introduction to the Cost of a Square Plot

Understanding how to calculate the cost of a square plot is an essential concept in real estate and property transactions. In this guide, we will delve into the step-by-step process of determining the total cost of a square plot of side 15 meters, at the rate of Rs 1500 per square meter (sqm).

Key Concepts

To accurately determine the cost, we need to understand the following:

The area of a square plot, which is calculated as the square of its side length. The rate per square meter (Rs. 1500 in this case). The total cost is obtained by multiplying the area by the rate.

Calculating the Area of the Square Plot

The area of a square plot is calculated by squaring the length of one of its sides. Given that the side of the square plot is 15 meters, the area can be calculated as follows:

Area of the square plot Side × Side

15 × 15 225 square meters (sqm)

Understanding the Rate

The rate at which the plot is sold is given as Rs 1500 per square meter. This means that for every square meter of the plot, the buyer needs to pay Rs 1500.

Calculating the Total Cost of the Plot

The total cost of the plot is obtained by multiplying the area of the plot by the rate per square meter. Following the calculations mentioned in the examples:

Total cost Area × Rate per square meter

225 sqm × Rs 1500/sqm Rs 337,500

Reiteration and Verification

Let's verify the calculations with a few different methods:

Direct Multiplication: 15 × 15 225 sqm; 225 × 1500 Rs. 337,500 Area Calculation: 1515 225 sqm; 225 × 1500 Rs. 337,500 Step-wise Calculation: Area 225 sqm; Rate Rs 1500/sqm; Total cost 225 × 1500 Rs. 337,500

Conclusion

By carefully following the steps and understanding the key concepts of area calculation and rate determination, one can accurately calculate the cost of a square plot. In this specific case, a square plot of 15 meters on each side, sold at Rs 1500 per square meter, has a total cost of Rs 337,500. These calculations are fundamental in real estate transactions and can be applied to similar problems.