Question

Article ‘P’, if sold at a profit of 20% earns a profit of Rs. 500. If article ‘P’ is marked 40% above its cost price and then sold after offering two successive discounts of 20% and Rs. x, respectively then what would be the value of ‘x’ such that there is neither profit nor loss in the transaction?

A 320
B 310
C 300
D 312
E None of these
Practice Next

More Profit and loss Questions

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)