7. A bank bid $831.58 above par for an entire issue of $15000 5% school bonds. What return does the investment make the bank?

8. A corporation has outstanding $6,000,000 of 6% preferred, and $12,000,000 common stock. Its net earnings for the year are $1,131,885. What per cent dividends will the common stock earn?

9. A man having $3000 to invest buys 12 shares of stock at 400, borrowing enough additional on the stock as collateral to make the purchase. If he pays 5% on his loan, and the stock pays 25% dividends, what per cent is he making on his investment? (Par value, $100.)

10. Which is the better investment, 100 shares of 6% preferred stock at 107g, or 50 shares of 12% common at 214? (Brokerage, %.)

GROUP 4

1. A salesman sells in one year $128,466.73 worth of goods on a 5% commission. His expenses for the year are $3246.80, and he pays $117.43 taxes and $245.48 insurance. He buys 10 shares of bank stock direct from the owner at $165 per share, and sets aside $263.63 for a checking account at the bank. If he deposits the rest of his year's income in a bank at 31%, what interest will it bring him annually ?

2. I discount a 10-day acceptance for $2500 at 51% and use the proceeds in buying a telegraph money order. If the 10-word rate is 60, what amount is available to the person receiving the order?

3. A draws on B at sight for $162.57 with exchange. To meet the draft B borrows the money at his bank at 6% for 60 da. What is the amount of B's note when due? (Exchange, 20¢.)

4. A corporation issues $75000 6% bonds, which it is forced to sell at 87. In paying the interest on its bonded

indebtedness what rate does it pay on the money actually received for the bonds?

5. A buys 100 shares of stock at 271 and sells them at 30. Allowing brokerage of 1% on each transaction, how much does he gain?

6. The firm X, Y, Z makes a gross profit in one year of $25,004. They charge off $1484 to depreciation on machinery, $675 to depreciation on trade mark, and pay $6160 for general expenses and wages. If the three members of the firm are equally interested in the business, how much will each receive as his share of the net profits?

7. A borrows $15000 on his note at 7 %. To secure the note he takes out a life insurance policy for $ 18000 at $14.62 per thousand, annual premium. The $15000 is invested in a third interest in a business which shows a profit at the end of the year of 33 %. What is the net rate of income on the investment?

8. Find the proceeds on the following sight drafts:

9. Find the cost of a bill of exchange for :

10. A bond issue of $1,000,000 was oversubscribed 31 times; that is, the subscriptions amounted to $3,500,000. If each subscriber receives bonds in proportion to his subscription, what did the subscriber receive who asked for $14000 worth? BUS. ARITH. - 15

GROUP 5

1. How much will I receive for a 90-day acceptance for $350, discounted at 6 %, exchange %?

2. How much will it cost to telegraph $125 from Cleveland, Ohio, to Nashville, Tenn., the telegraph rate being 60 ¢?

3. An importer buys £163 8s. 3d. worth of goods on which he pays a duty of 20 %. For how much U. S. money must he sell to realize a profit of 20% of the cost?

4. A and B own a business, A holding a interest, and Ba interest. If they sell a third interest for $6200, what must A and B each receive in order that A, B, and C may thereafter be equally interested in the business?

5. A has $5000 invested in a store, B has $3000, and C has $2000. They decide to add $4000 to the capital employed. What part of this amount must each partner furnish in order that their relative interests may remain unchanged?

6. What is the value of a 90-day acceptance for £112 78. 4d., London exchange being quoted at $4.847, discounted at 6%?

7. An inventor holds 100 shares of 6% preferred stock, 200 shares of 5% common, and $22000 6% bonds of the same company. What is his income?

8. A bank capitalized at $300,000 has a surplus of $317,578. What per cent dividends might be declared by appropriating 60% of the surplus to such a purpose?

9. A company purchased M. 18000 worth of German goods on which it paid $450 duty and $106.85 freight. The gcods were sold for $6320, less 2%. What was the profit? with interest for 4 mo. National Bank of Burt, B's place of business

10. A, holding B's note for $270 at 7%, draws on B through the First Iowa, at sight for the full amount. is Denver, Col. Write the draft.

91. A man had $2000 and spent 20% of it. How much money had he left?

92. Owning a farm of 420 A., I sold 163% for $4900. What price per acre did I receive?

93. Owning 60% of the stock of a manufacturing company, I sold 20% of my share for $2400. What was the

value of the entire stock? of my share?

94. I sold a horse for $200, which was at a loss of 20%

of the cost. Find the cost.

95. How many times can 36 be subtracted from 300?

96. A baseball team wins 14 games and loses 10. What is its per cent of games won?