A man buys 52 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?
Pick one:
A) 7.6 %  B) 7.7 %  C) 11.32 %  D) 11.91 %  E) 7.8 %
Explanation:   Let Marked price be Re. 1 each   C.P. of 52 pens = Rs. 46   S.P. of 52 pens = 99% of Rs. 52 = Rs. 51.48   Profit % = (Profit /C.P.) x 100   Profit% = (5.48/46) x 100 = 11.91 %   ANSWER: 11.91 %
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A man buys 52 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?