Ramesh bought a chair for Rs. 1540 and sold it to Suresh. If Ramesh earned a profit of 25%, find the selling price of chair.

Options

A. Rs.1950
B. Rs.1925
C. Rs.1900
D. Rs.1875

Answer

To find the selling price of the chair that Ramesh sold to Suresh after earning a profit of 25%, we can follow these steps:

### Step-by-Step Solution:

1. **Identify the Cost Price (CP)**:
Ramesh bought the chair for Rs. 1540. Therefore, the Cost Price (CP) is:
\[ CP = 1540 \text{ Rs} \]

2. **Calculate the Profit**:
The profit percentage is given as 25%. To find the profit in terms of money, we calculate 25% of the Cost Price (CP):
\[ \text{Profit} = \frac{25}{100} \times CP = \frac{25}{100} \times 1540 \]
Simplifying this:
\[ \text{Profit} = 0.25 \times 1540 = 385 \text{ Rs} \]

3. **Calculate the Selling Price (SP)**:
The Selling Price (SP) is calculated by adding the profit to the Cost Price (CP):
\[ SP = CP + \text{Profit} = 1540 + 385 \]
Performing the addition:
\[ SP = 1925 \text{ Rs} \]

### Final Answer:
The selling price of the chair is **Rs. 1925**.

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