A shopkeeper sold sarees at 266 each after giving 5% discount on labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree?\nOptions:\n(A) 280\n(B) 260\n(C) 38 mph\n(D) Data inadequate\n(E) None of these Think first, then make a decision. Some random thoughts:
User
Marked price = 266 × 100⁄95 × 280\nCost Price = 280 × 100⁄112 = 250 So the answer is (E).
Assistant