Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent?

Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent?

A. 14%
B. 16%
C. 18%
D. 22%
E. None of these
Explanation:
Total CP = Rs. 42000 + Rs. 13000 = Rs. 55000 and SP = Rs. 64900
Profit(%) = (64900 – 55000)/55000 * 100 = 18%