...because 45 X 00 = 270 X 1. Hence the following RULE. I. 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. II. Add the average term of credit to the...

...payment of the whole. Hence the following RULE. -—Multiply each payment by its own time, of credit, and divide the sum of the products by the sum of the payments. NOTE 1. — This is the rule usually adopted by merchants, but it is not perfectly correct...

...days, nearly, from May 1, or on June 13. RULE. — Multiply each payment by its own time of credit, and divide the sum of the products by the sum of the payments. NOTE 1. — When the date of the average time of payment is required, as in Example 2, Jind...

...payment of the whole. Hence the following RULE. — Multiply each payment by its own time of credit. and divide the sum of the products by the sum of the payments. NOTE 1. — This is the rule usually adopted by merchants, but it is not perfectly correct...

...quality of 1 oz. is 20. RULK. Multiply the value or quality of each article by'the number of articles, and divide the sum of the products by the sum of the articles. The quotient will be the average value or quality of the mixture. Ex.3. A grocer t mixed...

...find the average time of payment : Rule. — Multiply each payment by the time before it becomes due, and divide the sum of the products by the sum of the payments: the Quotient will be the average time. Examples. 1. A merchant ows $1200, of which $200 is...

...starting point. The rule for Equation of Payments is, " multiply each payment by its own time of credit, and divide the sum of the products by the sum of the payments," — another case in point. I have put down some of the more prominent faults in the books,...

...Hence, To find the mean time of several, payments, — RULE. Multiply each sum by its tune of payment, and divide the sum of the products by the sum of the payments ; the quotient will be the equated tune. EXAMPLES. 2. A Western merchant owes in New York...

...each debt by the number of days between its own date of maturity and that of the debt earliest due, and divide the sum of the products by the sum of the debts; the quotient will express the common time in days subsequent to the leading date. The following...

...mos., making it equitable for both. 676. RULE. Multiply each payment or debt by its time of credit, and divide the sum of the PRODUCTS by the sum of the PAYMENTS. NOTES. — 1. By the term discount, as used above, is meant mercantile discount or simple...