A man buys 54 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?	Select.
A) 7.6 %  B) 7.7 %  C) 16.21 %  D) 13.6 %  E) 7.8 %
Explanation:   Let Marked price be Re. 1 each   C.P. of 54 pens = Rs. 46   S.P. of 54 pens = 99% of Rs. 54= Rs. 53.46   Profit % = (Profit /16.21 %.P.) x 100   Profit% = (7.46/46) x 100 = 16.21 %   ANSWER: 16.21 %
<result>C</result>
A man buys 54 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?