89. A man in New York purchased a draft on Chicago for $10640, drawn at 60 da., $10283.56. What was the course of exchange?

90. A speculator bought 420 bales of cotton, each bale containing 488 pounds, at 19 cents a pound, on a credit of 9 months for the amount. He immediately sold the cotton for $42122.23 cash, and paid the debt at 8% discount. What was his gain?

91. A note for $800, dated Jan. 15, 1883, on interest after 6 mo., at 7%, has the following indorsements: Apr. 18, 1884, $100; Jan. 1, 1886, $70; June 15, 1887, $62.50. Required

the balance due July 15, 1888.

92. A merchant bought 240 M. of silk at $2, and sold it at $1.95 per yard. Did he gain or lose, and how much?

93. Bought 800 bu. of wheat at $3, and sold the same at $9 per hectoliter. How many Hl. did I sell, and how much did I gain or lose?

94. What is the least common multiple of 61, 9, 10, and ?

5

95. A merchant bought 500 bbl. of flour at $6.50 a barrel, and sold it immediately at $7.25 a barrel, receiving in payment a note due 3 mo. hence, which he had discounted at a bank at 6%. What did he gain on the flour?

96. If a staff 2 ft. 9 in. long, cast a shadow 1 ft. 1 in., what is the height of a pole which casts a shadow 63 ft.?

97. How many shares of mining stock at 80% must be sold in order that the proceeds invested in California 8's at 108% may yield a profit of $960?

98. I sent $9020 to my agent in Chicago, who purchased grain at an average price of $1.10 per bushel, and charged 21% commission. How many bushels did he buy?

99. An estate worth $10927.60 is divided between two heirs so that one receives more than the other. What does each receive?

100. A merchant in St. Louis orders goods from New York, to the amount of $530, which amount he remits by draft, exchange being at 23% premium. If he pays $20 for transportation, what will the goods cost him in St. Louis?

101. What will be the cost, in Detroit, of a draft on Boston for $800, payable 60 days after sight, exchange being at a premium of 2% ?

102. A note was given for $500, with interest payable annually, at 7%. Nothing having been paid for 10 years, how much did the total amount of interest due exceed the simple interest of the principal ?

103. A merchant bought goods in Savannah to the amount of $850, and gave his note, July 1, 1885, on interest after 2 mo.; 4 mo. after the note was given, he paid $400; and 6 mo. after the first payment, he paid $360. What was there due Sept. 19, 1887 ?

104. An importer sold cloth to a wholesale dealer at 10% advance; the wholesale dealer sold it to a clothier at 121% advance; the clothier sold it at a further advance of 25% and received $1452. What did it cost the importer?

105. A nurseryman sold trees at $18 per hundred, and cleared of his receipts. What per cent. profit did he make? 106. In how many years will a man, paying interest at 7% on a debt for land, pay the face of the debt in interest?

107. What must be discounted for the present payment of a debt of $2637.72, of which $517.50 is to be paid in 6 mo., $793.75 in 10 mo., and the remainder in 1 yr. 6 mo., the use of money being worth 7%?

108. Wishing to borrow $500 at a bank, for what sum must my note be drawn, at 30 days, to obtain the required amount, discount being at 7% ?

109. When N. Y. 5% are quoted at 1081, what sum must I invest to secure an annual income of $1080, brokerage 1% ?

110. James Hayes bought merchandise in New York, at cash price, to the amount of $1256. Not having money, he gave his note in payment, drawn at 6 mo. at 6%. What was

the face of the note?

111. William Green began trade January 1, 1886, with a capital of $3000, and, succeeding in business, took in M. H. Dodge as a partner on the first day of March following, with a capital of $2000; four months after they admitted C. H. Childs as third partner, who put in $1800 capital; they continued their partnership until April 1, 1888, when they found that $4388.80 had been gained since Jan. 1, 1886. What was

each one's share?

112. If 54 men can build a fort in 244 da., working 124 hr. each day, in how many days will 75 men do the same, when they work but 10 hr. each day?

113. A lumber merchant sells a lot of lumber, which he has had on hand 6 mo., on 10 mo. credit, at an advance of 30% on the first cost. If he is paying 5% interest on capital, what are his profits per cent.?

114. If a man clear $750 by his business in 1 yr. 6 mo., how much would he gain in 3 yr. 9 mo. at the same rate? 115. If a certain business yield $350 net profits in 10 mo., in what time would the same business yield $1050 profits?

116. Wishing to borrow $1000 of a Southern bank that is discounting paper at 8%, I give my note for $975, payable in 60 da. How much more will make up the required amount?

117. A man sold his farm containing 195 A. 2 R. 25 P. for $27.50 an acre, and took a note payable in 4 mo. 15 da. at 7% interest. Wishing the money for immediate use, he got the note discounted at a bank. How much did he receive?

118. May 10, 1887, I borrowed $6840, with which I purchased flour at $5.70 a barrel. June 21, 1888, I sold the flour for $6.62 a barrel, cash. How much did I gain by the transaction, interest being reckoned at 6% ?

119. B commenced business with a capital of $15000. Three months afterward C entered into partnership with him, and put in 125 acres of land. At the close of the year their profits were $4500, of which C was entitled to $1800. What

was the value of the land per acre?

A put in $4200 at first,
B put in at first $1500,

120. A and B engaged in trade. and 9 months afterward $200 more. and at the end of 6 mo. took out $500. At the end of 16 mo. their gain was $772.20. How much is the share of each ?

121. If 2 bushels of barley are required to sow an acre, how many acres can be sowed with the contents of a bin 4 ft. long, 3 ft. wide, and 18 in. deep?

122. A merchant in Boston receives from his agent 320 barrels of flour, purchased in Chicago at $10 per barrel; in payment for which he remits a draft on Chicago, at 21% discount. The transportation of his flour cost $312. What must he sell it for per barrel to gain $400 ?

123. Owing a man $575, I give him a 60-day note. What should be the face of the note, to pay him the exact debt, if discounted at 11% a month?

124. What must be the face of a note which, when discounted at a broker's for 110 da. at 1% a month, shall give as its proceeds $187.50 ?

125. In a square lot containing 1 A., how far is the centre from each corner, and from the middle of each side?

126. I bought a piece of land 16 ch. long and 15 ch. wide, at $100 an acre, and dividing it into lots of 6 rods by 5 rods, sold them at $50 each. What was my gain?

127. At $2.75 a rod, how much less will it cost to fence a piece of land 80 rd. square, than if the same were in the form of a rectangle twice as long and one-half as wide?

128. Find the cost of raising the surface of of an acre, 9 in., at $.65 per cubic yard of earth?

129. A bin 9 ft. 6 in. long, 6 ft. wide, and 4 ft. 3 in. deep, is full of wheat. What is its value at $2.05 a bu.?

130. What will be the cost of the following draft, exchange on Boston being in Pittsburgh at 21% premium ?

$600.

PITTSBURGH, June 12, 1884. Sixty days after sight, pay to William Barnard, or order, six hundred dollars, value received, and charge the same to our account.

To the Suffolk Bank, Boston.

THOMAS BAUER & Co.

131. What must be the length of a bin that is 6 ft. wide and 4 ft. deep, to contain 324 bushels ?

132. The area of a map laid down on the scale of an inch to a mile is 4 sq. ft. 4 sq. in. What number of acres are represented?

Find the date of maturity, the term of discount, and the proceeds of the following:

$957

37 100

CHICAGO, July 27, 1885.

133. Three months after date, I promise to pay to the order of D. L. Moody, nine hundred fifty-seven and dollars, for value received.

Discounted Aug. 10, at 8%.

$1315

75

JOHN ELLIS.

NEW YORK, May 1, 1886.

134. Ninety days after date, I promise to pay to the order of Ivison, Blakeman & Co., one thousand three hundred fifteen and dollars, for value received.

Discounted May 15, at 7%.

$1250.

WILLIAM HEWSON.

BOSTON, June 12, 1887.

135. Six months after date, I promise to pay W. A. Wilde & Co., or order, twelve hundred fifty dollars, with interest at 6%, value received.

Discounted at a broker's,

Nov. 15, at 6%.

S. R. BROWN.