## Robinson's New Practical Arithmetic for Common Schools and Academies |

### From inside the book

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Page 6

352 Trade

352 Trade

**Discount**. 253 Applications of Square Profit and Loss 254 Root . 357 Insurance 259 Cube Root Taxes . Applications of Cube Root . 367 Duties or Customs 265 Roots of Any Degree 368 Simple Interest 267 PROGRESSIONS . Page 243

... Above Par , or at a premium , when it sells for more than its original cost ; and Below Par , or at a

... Above Par , or at a premium , when it sells for more than its original cost ; and Below Par , or at a

**discount**, when it sells for less than its original cost . 254. The Market or Real Value of stock is the STOCKS AND BONDS . 243. Page 244

Premium , or advance , and

Premium , or advance , and

**discount**on stock , dividends , and assessments , are computed at a certain per cent upon the original or par value of the shares of the stock . 258. A Stock Broker is a person who buys and sells stocks ... Page 247

To find the value of stock when at a premium or

To find the value of stock when at a premium or

**discount**. 1. What will 32 shares of bank stock cost at 8 % premium , brokerage 1 % ? OPERATION . = 32 shares = 32 x $ 100 = $ 3200 par value . $ 1 + $ .08 = $ 1.08 . Page 248

A man purchased $ 6275 worth of stock in the Pennsylvania Coal Company , at par , and sold the same at a

A man purchased $ 6275 worth of stock in the Pennsylvania Coal Company , at par , and sold the same at a

**discount**of 12 % . What was his loss ? Ans . $ 753 . 8. What must be paid for 125 shares of stock , at 48 % premium , the par value ...### What people are saying - Write a review

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### Other editions - View all

Robinson's New Practical Arithmetic for Common Schools and Academies Horatio Nelson Robinson No preview available - 2009 |

Robinson's New Practical Arithmetic for Common Schools and Academies Horatio Nelson Robinson No preview available - 2016 |

### Common terms and phrases

acres added amount bank barrels base bill bought bushels called cents Change ciphers column common compound interest contained cords cost cube cubic decimal denominator diameter difference discount Divide dividend division divisor dollars equal exact EXAMPLES exchange expressed face factors feet figure five four fourth fraction gain gallons given given number greater greatest Hence hundred inches interest invested land least length less loss measure miles months Multiply obtain OPERATION paid payment period person pounds prime principal proceeds proportion purchase quotient ratio received Reduce remainder result rods root RULE scale sells share side simple sold SOLUTION square subtract TABLE tens term third thousand units weight whole wide worth write yards

### Popular passages

Page 178 - LIQUID MEASURE 4 gills (gi.) = 1 pint (pt.) 2 pints = 1 quart (qt...

Page 171 - Square Measure 144 square inches (sq. in.) = 1 square foot (sq. ft.) 9 square feet = 1 square yard (sq. yd.) 30j square yards = 1 square rod (sq. rd.) 160 square rods = 1 acre (A.) 640 acres = 1 square mile (sq.

Page 184 - A circle is a plane figure bounded by a curved line, called the circumference, every point of which is equally distant from a point within called the center.

Page 306 - Multiply each payment by its term of credit, and divide the sum of the products by the sum of the payments ; the quotient will be the average term of credit.

Page 178 - DRY MEASURE 2 pints (pt.) = 1 quart (qt.) 8 quarts =1 peck (pk.) 4 pecks = 1 bushel (bu...

Page 183 - Thirty days hath September, April, June, and November ; All the rest have thirty-one, Except the second month alone, Which has but twenty-eight, in fine, Till leap year gives it twenty-nine.

Page 396 - A Cylinder is a body bounded by a uniformly curved surface, its ends being equal and parallel circles.

Page 298 - Thirty days after sight of this first of exchange (second and third of the same tenor and date unpaid...

Page 134 - RULE. Divide as in whole numbers, and from the right hand of the quotient point off as many places for decimals as the decimal places in the dividend exceed those in the divisor.

Page 75 - Divide the product of the remaining factors of the dividend by the product of the remaining factors of the divisor, and the result will be the quotient.