Organizer purchased a plot of land = 24000 sq.m. at a rate of Rs.20/- sq.m.As per byelaws 30% of land is kept for amenities. He has spent Rs.80,000/- within two years for water supply etc.Then he sold all the plots within period of 2 years at an average rate of Rs.48/- sq.m.If he desires 8% return on investment , calculate net % profit he can get ?

Organizer purchased a plot of land = 24000 sq.m. at a rate of Rs.20/-

1.	Organizer purchased a plot of land = 24000 sq.m. at a rate of Rs.20/- sq.m.As per byelaws 30% of land is kept for amenities. He has spent Rs.80,000/- within two years for water supply etc.Then he sold all the plots within period of 2 years at an average rate of Rs.48/- sq.m.If he desires 8% return on investment , calculate net % profit he can get ?
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