A shopkeeper sold sarees at Rs. 266 each after giving 5% discout 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 one: A) 240 B) 250 C) 260 D) 270 E) None
Sol.   S.P. of 1 saree = Rs.266. Let the labelled price of each saree be Rs. x.   Then, 95/100x = 266 ⇒ x = Rs. [266*100]/95 = Rs. 280.   New, S.P. = Rs. 280, Profit = 12%.   ∴ C.P. of 1 saree = Rs. [100/112 * 280] = Rs. 250.   Answer 250
<result>B</result>
A shopkeeper sold sarees at Rs. 266 each after giving 5% discout 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?