A shopkeeper sold sarees at Rs. 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?

A shopkeeper sold sarees at Rs. 266 each after giving 5 % discount on

1.	A shopkeeper sold sarees at Rs. 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?
A.	Rs. 240
B.	Rs. 250
C.	Rs. 280
D.	Rs. 260
Answer» C. Rs. 280

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A shopkeeper sold sarees at Rs. 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?

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