Step 1: Find the frequency difference.
\[
420 - 300 = 120\ \text{Hz}, \quad 540 - 420 = 120\ \text{Hz}
\]
Hence, successive resonant frequencies differ by $120\ \text{Hz}$.
Step 2: Identify type of pipe.
For a closed organ pipe, successive resonant frequencies differ by:
\[
\Delta f = \dfrac{v}{2L}
\]
Step 3: Substitute given values.
\[
120 = \dfrac{360}{2L}
\]
Step 4: Solve for length $L$.
\[
2L = 3 \Rightarrow L = 1.5\ \text{m}
\]
Step 5: Final conclusion.
Thus, the pipe is a closed organ pipe of length $1.5\ \text{m}$.