Ramu bought an old car for Rs. 48000. He spent Rs. 14000 on repairs and sold it for Rs. 72900. What is his profit percent?
Choose the correct choice from the following answers
A) 16 %  B) 17.5 %  C) 18.2 %  D) 58.5 %  E) 13 %

Rationale: "total cp = rs . 48000 + rs . 14000 = rs . 62000 and sp = rs . 72900 profit ( % ) = ( 72900 - 62000 ) / 62000 * 100 = 17.5 % answer : b"
Answer: B