Marked price = 266 × 100⁄95 × 280
Cost Price = 280 × 100⁄112 = 250
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?

[a] 280
[b] 260
[c] 38 mph
[d] Data inadequate
[e] None of these