IMO Shortlist 1967 problem 1


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April 2, 2012
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In a sports meeting a total of m medals were awarded over n days. On the first day one medal and \frac{1}{7} of the remaining medals were awarded. On the second day two medals and \frac{1}{7} of the remaining medals were awarded, and so on. On the last day, the remaining n medals were awarded. How many medals did the meeting last, and what was the total number of medals ?
Source: Međunarodna matematička olimpijada, shortlist 1967