The face value of a share is 60% of its market value. The selling price of the share is 20% less than its market value. Find the face value if the selling price is 24.32 rupees.

Let the market value be 100. The face value is 60% of the market value = 60% of 100 = 60 The selling price of the share is 20% less than the market value = 100 – 20% = 100 – 20 = 80, 80 = 24.32, 60 = 24.32 / 80 * 60 = 18.24 rupees The face value = 18.24 rupees.