A chair is bought for ₹ 1500 and sold it at once at a gain of 6%. Find the selling price of the chair.

Options

A. ₹ 1590
B. ₹ 1410
C. ₹ 1390
D. ₹ 1570

Answer

To find the selling price of the chair, we will follow these steps:

### Step 1: Calculate the Gain
The gain can be calculated using the formula:
\[ \text{Gain} = \text{Cost Price} \times \left(\frac{\text{Gain Percentage}}{100}\right) \]
Here, the cost price (CP) is ₹1500 and the gain percentage is 6%.

\[ \text{Gain} = 1500 \times \left(\frac{6}{100}\right) = 1500 \times 0.06 = ₹90 \]

### Step 2: Calculate the Selling Price
The selling price (SP) can be calculated using the formula:
\[ \text{Selling Price} = \text{Cost Price} + \text{Gain} \]
Substituting the values we have:
\[ \text{Selling Price} = 1500 + 90 = ₹1590 \]

### Final Answer
The selling price of the chair is **₹1590**.

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