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Question

Article ‘P’, if sold at a profit of 40% earns a profit of Rs. 400. If article ‘P’ is marked 40% above its cost price and then sold after offering two successive discounts of 10% and Rs. x, respectively then what would be the value of ‘x’ such that there is neither profit nor loss in the transaction?

A 220

B 230

C 260

D 240

E None of these

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