"Take a Chance on Me" proved to be one of ABBA's most successful chart hits, becoming the group's seventh UK #1 (and third consecutive chart-topper in the country after "Knowing Me, Knowing You" and "The Name of the Game"). It was also ABBA's final #1 in the UK of the 1970s, and gives the group the distinction of being the act with the most chart-topping singles of the 1970s in the UK. It sold over 500,000 copies and was awarded a gold disc.