A shopkeeper sold sarees at $ 266 each after giving 5% discount

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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?

Let C.P. of each sari = $ y

Marked price =			112y
			100

∴		95	×	112y	= 266
		100		100

⇒ y =	266 × 100 × 100	= $ 250
	95 × 112