Mr . Dy owns a big parcel of land measuring 500 meters by 1000 meters. If the land costs Mr. Dy 1500.00 pesos per square meter how much profit will Mr. Dy realize if he sells 75% of his lots? 100% of his lots?

1. Mr . Dy owns a big parcel of land measuring 500 meters by 1000 meters. If the land costs Mr. Dy 1500.00 pesos per square meter how much profit will Mr. Dy realize if he sells 75% of his lots? 100% of his lots?

Answer:

Selling 75% = P 562,500,000

Selling 100% = P 750,000,000

Step-by-step explanation:

Find the area

A = l x w = 1000 m × 500 m = 500,000 sq. m

Profit for selling 75%

= (500,000 sq. m × .75) x (P 1500.00/sq.m)

= 375,000 sq. m × P 1500.00/sq. m

= P 562,500,000.00

Profit for selling 100%

= 500,000 sq. m × P 1500.00/sq.m

= P 750,000,000.00