A jobber buys an article at " Rs. 24 less " .He then wishes to sell the article at a gain of of his cost after allowing a 20% discount on his marked price. At what price, in rupees, should the article be marked?
The average market price of three shares P, Q and R is Rs. x. Shares P and R lose Rs. y each and R gains Rs.y/2. As a result, the average market price of the three shares decreases by Re. 1. The value of y is