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Explanation:

Two projects are completed in 1998, one is Mumbai Heights and the second is Royal Holidays.

The cost of project is 250 + 225 = 475 crore. *Cost incurred = 475 + 47.5 = 522.5. (Students please note the last step. Rather than doing 1.1 × 475, it is convenient to do 475 + 10% of 475, which is = 475 + 47.5)

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