First find the sum and the difference of the given rational numbers.
LCM of 12 and 3 = 12
Finding the sum,
1265+38=1265+8×4=1265+32=1297
Finding the difference,
1265−38=1265−8×4=1265−32=1233=411
Dividing the sum by the difference,
1297÷411=1297×114=12×1197×4=132388=3397=23331
Hence, the required quotient is 23331.