A man buys 50 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 the correct answer
A) 5.3 %  B) 7.6 %  C) 10.6 %  D) 12 %  E) none of these

Rationale: "explanation : let marked price be re . 1 each c . p . of 50 pens = rs . 46 s . p . of 50 pens = 99 % of rs . 50 = rs . 49.50 profit % = ( profit / c . p . ) x 100 profit % = ( 3.50 / 46 ) x 100 = 7.6 % answer b"
Answer: B