I chose E instead of D. I kind of understand why E is wrong: The fact that the crisis ended the age of the dinosaurs does not mean the dinosaurs comprised the majority of species perished.
However, the fact that Cretaceous crisis was minor comparing to Permian doesn't mean Cretaceous's rate of extinction among marine animals is definitely smaller than Permian's. Maybe it actually approaches 77 percent. Maybe Cretaceous's rate of extinction among other animals, like amphibian, is much smaller than Permian. That's what makes it minor.
Would like to hear others' thoughts! Thanks!