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?5.3%7.6%10.6%12%

Step 1: Let's assume the cost price of each pen is $1. So, the cost price for 46 pens is$46.

Step 2: The man buys 50 pens for the price of 46 pens. So, the cost price for 50 pens is also $46.

Step 3: The selling price of each pen is reduced by 1%. So, the selling price of each pen is $1 -$0.01 = $0.99.

Step 4: The total selling price for 50 pens is 50 * $0.99 =$49.5.

Step 5: The profit is the selling price minus the cost price, which is $49.5 -$46 = $3.5.

Step 6: The profit percentage is (profit / cost price) * 100, which is ($3.5 /$46) * 100 = 7.6%.

So, the profit percentage is 7.6%.