As per the question,
IP address 192.1.42.3 belongs to the class C,
Class C network ID =192.1.42.0=192.1.42.0
=192.1.42.0
First host id=192.1.42.1
Last host id=192.1.42.255
But as we know that 255.255.255.255 is the broadcast id, so last host id will be
Last host id=192.1.42.254
But here total number of required host =500 hence it requires broadcast id so the required ip address will be
192.1.42.255
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