Bholu conducts his business in the following manner: Every once in while he raises his prices by a certain percentage and a while later reduces his price by the same percentage. After one such up-down cycle of increasing and then decreasing his price by x %, the price of the commodity decreases by Rs 100. In the next cycle, he increases and decreases his price by (x/2)%  and then sells the commodity for Rs 2376. What is the initial price of the commodity?