Deepak bought product A and marked them at 22% higher price than the cost price. Finally he sold the product at 15% discount. What will be the profit or loss percentage?

Correct option is C

Given:
Cost Price (CP) = x
Marked Price (MP) = CP + 22% of CP
Discount = 15% of MP
Formula Used:
Selling Price (SP) = MP - Discount
Profit or Loss Percentage = $$\frac{SP - CP}{CP} \times 100$$​​
Solution:
MP = $$x + \frac{22}{100} \times x$$​​
MP = 1.22x
SP = MP - $$\frac{15}{100} \times MP$$​​
SP = 1.22x - 0.183x
SP = 1.037x
Profit Percentage = $$\frac{1.037x - x}{x} \times 100$$​​
Profit Percentage = 3.7%
Therefore, the profit percentage is 3.7%.