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 the correct option:
A) 7.6 %	B) 7.7 %	C) 20.52 %	D) 23.62 %	E) 27.82 %

Rationale: "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 / c . p . ) x 100 profit % = ( 9.44 ) x 100 = 20.52 % answer : c"
Answer: C