1 yard long by 2 yards wide, after sponging, if in that operation it shrinks 4% in length and 6% in width? 25. A commission merchant receives $544; of this he is to invest such a portion as remains after deducting his commission of 21%. What is his commission, and what will remain ? 26. What is the cost of insuring $2500 at $17.50 ọn $1000? 27. What will be the net loss to an insurance company in case of the loss by fire of a property insured for $4500, on which the company had received 3% premium, no allowance for interest? 28. For what sum must a policy be taken out to cover $2575 and the premium of 11%? 29. What per cent. of 10£ is 15s.? 30. Of how many rods is 84 rods 87% ? 31. Take 9% of 7.5 acres. 32. Paid $18.77 for insuring my schooner at a premium of %; what was the sum covered? 33. What is the par value of stock, which, selling at 25% above par, brings $500? 34. In the year 1862 the town of B voted to raise, by taxes, $97290; cf his was levied upon the polls; the valuation of the town wa $10134375; what was the tax on $1, and what was the tax of non-resident who owned a house in town valued at $2000? 35. Redrce 750£. 10s. 4d. sterling to United States currency, exchange at 17% advance upon the nominal value. 36. A debtor owes $200, due in 2 months, in 3 months, and the remainder in 5 months; what is the equated time for paying the whole? 183 37. If of a sum of money be due in 2 months, in 4 months, in 3 months, and the remainder in 4 months, in what time should the whole be paid? 38. What is the average time for paying for $200 worth of goods purchased May 17, 1859, on 4 months' credit; $500 worth, purchased June 18, 1859, on 60 days' credit; and $300 worth, purchased June 19, 1859, on 90 days' credit? 39. There is a note, dated July 1, on 60 days' credit, for $200. July 20 there is paid $50; Aug. 19, $60; and Aug. 21, $10. When should the balance be paid? 40. Thomas Swain owes Wm. C. Chapin $500.18, due Jan. 7, 1863, and $207.06, due April 4, Swain $800, due Feb. 8, 1863. paid? 1863; Mr. Chapin owes Mr. When should the balance be 41. What is the cash value of the above March 25, 1863? 42* What is the date of a note which must be given to settle the following, allowing 4 months' credit on each of the merchandise items? 355. MISCELLANEOUS EXAMPLES IN PROFIT AND LOSS. NOTE. Younger pupils can omit this article till they review. 1. By selling goods at 6 cents 3 mills per yard, I lose 30%; what did they cost? 2. If I lose 10% by selling goods at 18 cents per yard, for what should they have been sold to gain 20%? 3. By selling a lot of iron at 12% below cost, I received $14.75 less than I should have received if I had sold it at 121% above cost; what did it cost? what should it have sold for to gain 121% ? 4. A merchant bought 5 cwt. 1 qr. of coffee for $63; for what must he sell it per lb. to gain 163%? 5. For what must hay be sold per ton to gain 131%, selling at $16, 331% be gained? if by 6. If 121% be gained by selling ladies' slippers, at $9 per dozen pairs, for what should they have been sold per pair to gain 35%? Ans. 90 cents. 7. 13% is lost by selling a lot of land for $783; what would it have brought if it had been sold at a loss of 84% ? Ans. $825. 8. 50% of a certain number exceeds 35% of it by $13.70; what is the number? Ans. $91.333 9. A person takes a note on 2 months' credit for $110 in payment for a watch; on getting the note discounted at a bank, he finds that he has lost 40% on the first cost of the watch. Required the cost? Ans. $181.40%. 10. A broker purchases a lot of stocks at an average of 9% below par, and sells them at an average of 73% above par, and makes $300; what was the par value of the stocks? 11. If, by selling goods at 60 cents per lb., 20% is gained, what % would have been gained by selling them at 75 cents per lb.? Ans. 50%. 12. If 10% is lost by selling boards at $7.20 per M., what % would be gained by selling them at 90 cents per C.? 13. Sold boots at $3.55 per pair, and thereby lost 29%; what % would have been lost by selling them at $57.50 per dozen pairs? 14. A dealer has 18 barrels of sound apples remaining in a lot of which 10% have decayed; if his lot cost him $1.50 per bbl.. would he gain or lose on the lot, and what % by selling the remainder at $1.75 per bbl.? Ans. 5% gain. 15. Sold 4 ploughs at $24 each; on 2 of them I made 20%, and on 2 I lost 20%; what did I gain or lose on the whole? Ans. Lost $4.00. 16. 20% of a lot of barley, originally 5000 bushels, was destroyed by fire, the cost having been $11 per bushel; what per cent. will be gained on the lot by selling the remainder at $2 per bushel? 17. By losing 3 cents on a pound, I get 87% of the cost of butter; if I had lost 4 cents a pound, what % should I have Ans. 83% received? 18. By having 5 pupils absent from school my attendance is 93%; if my attendance had been 95%, how many pupils must have been absent? Ans. 4 pupils. 19. What will be the %of gain on the cost of 174 shares of Roxbury Gas Co.'s stock, nominal value of shares being $87.50, if it be bought at 15% below par, and sold at 19% above par? 20. If I buy coal at $4.12 per ton on 6 months' credit, for what must I sell it immediately to gain 10%? Ans. $4.40. 21. If I pay $3.90 cash, for what must I sell it on 4 months to gain 20% ? 22. If, by selling wood at 75 cts. per cd. ft., 61% be lost, for what should it have been sold per cord to gain 33%? Ans. $6.624. 23. I sell of a lot of goods for $9, and thereby lose 25%; for what must I sell the remainder to make 81% on the whole? Ans. $30. 24. A grocer bought 100 gallons of oil, at $1 per gallon; he mixed with it 50 gallons that cost $1.60 per gallon, then sold the whole at the rate of $1.44 per gallon; did he gain or lose, and what %? 25. Suppose the above was sold on a credit of 6 months, what was the % of gain? 26. Suppose the oil to have been bought on 4 months, and sold for cash; what % was gained? 27. For what should he sell the above per gallon to make 25 %, if he bought for cash and waited 10 months for his pay? 28. How much water must be mixed with a barrel of ink (31 galls.), which cost $34.10, that it may be sold at $1.10 a gallon, and a profit of 25% be realized by it? Ans. 7 gall, 29. What water would be required in the above, if the cost had been $25, the profit 20%, and the selling price $.75 per gallon? 30. If 20% of what I receive for an article is gain, what is the gain %? NOTE. -If 20% is gain, 80% is cost; the gain then is of the cost, which equals 25%, Ans. 31. If 25% of what I receive is gain, what is the gain %? 32. When two sovereigns are sold for $24.20, what is the premium on gold, estimating the sovereign at its legal value? 33. What amount of current money must a broker give me for $20 in gold, when the premium on gold is 178%? 34. A man hands a broker $40 in currency, saying, "Give me the value of this in gold;" gold is "quoted" at $2.64; how many dollars did the broker return, and how much change in currency ? 35. Suppose the broker paid 20% premium for this gold, what did he gain upon the $15, no allowance for interest? 36. What % did he gain on the money he expended to purchase the gold? 37. A man about to travel in Canada bought $50 in gold, when gold was at a premium of 150%; what amount of current money did he pay for it? 38. When gold is at a premium of 50%, what is the depreciation in the currency ? 39. A merchant imports from Hamburg a bale of cloth, containing 12 pieces, 40 yards each; the cloth, with charges there, cost him $480; he pays a duty here of 35 cts. per yd., freight $28.50, and other charges $7.11; at what must he sell the cloth per yd. to gain 10% above all charges? 40* Vinton & Morris imported a lot of W. I. sugar, for which they paid $15272 in Havana; their expenses amounted to 5% of the first cost; 10 months after, they sold it so as to gain $5612.46 above all expenses, including interest at 6%; what % did they gain? 41. An importer received from Holland 75 gross quart bottles of beer, invoiced at 10 cts. per bottle; a duty of 30 cts. per gal. was paid at the custom house after 10% had been deducted for breakage; if all the bottles be found sound, what % will be gained by selling the beer at 25 cents per bottle? 356. GENERAL REVIEW, No. 7. 1. What is per cent. of $56.49? 2. What is the amount of $84.20 for 3 yrs. 5 mo. 12 ds., at 5 per cent.? |