Anil bought an item with $12 \frac{1}{2} \%$ discount on the labelled price. He sold the item with $17 \frac{1}{2} \%$ profit on the labelled price. What was his percent profit on the price he bought?

  • A
    $35 \%$
  • B
    $34 \frac{1}{7} \%$
  • C
    $34 \frac{2}{7} \%$
  • D
    $35 \frac{2}{7} \%$

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