A man buys 56 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) 20.52 %  D) 23.62 %  E) 27.82 %
Explanation:   Let Marked price be Re. 1 each   C.P. of 56 pens = Rs. 46   S.P. of 56 pens = 99% of Rs. 56 = Rs. 55.44   Profit % = (Profit /20.52 %.P.) x 100   Profit% = (9.44) x 100 = 20.52 %   ANSWER: 20.52 %
<result>C</result>
A man buys 56 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?