GMAT Problem Solving (PS) | The price of each share of stock K, when traded at a certain stock exc

The price of each share of stock K, when traded at a certain stock exchange, first goes up by p percent and then falls down by p percent every alternate day. After one such up-down cycle, the price of the stock fell by $2. If, after another such up-down cycle, the price per share of stock K comes to $196.02, what was the original price per share of stock K?

(A) $300
(B) $270
(C) $250
(D) $200
(E) $150

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