Question

Article ‘P’, if sold at a profit of 20% earns a profit of Rs. 400. If article ‘P’ is marked 50% above its cost price and then sold after offering two successive discounts of 12% and Rs. x, respectively then what would be the value of ‘x’ such that there is neither profit nor loss in the transaction?

A 600
B 650
C 640
D 680
E None of these
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