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

Options

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

Answer

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

### Step 1: Identify the Cost Price (CP)
The cost price of the chair is given as Rs. 1500.

### Step 2: Calculate the Profit
The profit percentage is given as 6%. To find the profit in rupees, we can use the formula:
\[ \text{Profit} = \text{CP} \times \frac{\text{Profit Percentage}}{100} \]
Substituting the values:
\[ \text{Profit} = 1500 \times \frac{6}{100} = 1500 \times 0.06 = 90 \text{ rupees} \]

### Step 3: Calculate the Selling Price (SP)
The selling price can be calculated using the formula:
\[ \text{SP} = \text{CP} + \text{Profit} \]
Substituting the values:
\[ \text{SP} = 1500 + 90 = 1590 \text{ rupees} \]

### Conclusion
The selling price of the chair is Rs. 1590.

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