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?
Choose the correct choice from the following.
A) 280
B) 260
C) 38 mph
D) Data inadequate
E) None of these
Marked price = 266 × 100⁄95 × 280   Cost Price = 280 × 100⁄112 = 250   Answer None of these
<result>E</result>
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?