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%