A man buys 60 pens at marked price of 46 pens from a whole seller. If he sells these pens giving a discount of 1% , what is the profit percent?  Choose one: A) 7.6 % B) 7.7 % C) 29.13 % D) 33.6 % E) 37.82 %
Explanation:   Let Marked price be Re. 1 each   C.P. of 60 pens = Rs. 46   S.P. of 60 pens = 99% of Rs. 60 = Rs. 59.4   Profit % = (Profit /29.13 %.P.) x 100   Profit% = (13.4/46) x 100 = 29.13%   ANSWER: 29.13 %
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A man buys 60 pens at marked price of 46 pens from a whole seller. If he sells these pens giving a discount of 1% , what is the profit percent?