Ramu bought an old car for Rs. 36000. He spent Rs. 15000 on repairs and sold it for Rs. 62900. What is his profit percent?  Answers:
A) 16 %  B) 17 %  C) 18 %  D) 58 %  E) 23 %

Rationale: total cp = rs . 36000 + rs . 15000 = rs . 51000 and sp = rs . 62900 profit ( % ) = ( 62900 - 51000 ) / 51000 * 100 = 23 % answer : e
Answer: E