2. Find the cost of a wagon, the catalogue price of which is $750, the discount being 30%. 3. What will be the cost of goods amounting to $1,837.60, on which there is allowed a discount of 17%? For 10% rewrite the original amount, placing first figure one place to the right. 5% is of 10% 21% is of 5%. 6. Find the net cost of 1,630 yd. silk, invoiced at $1.10 per yard, less 16% discount. 7. What is the cost, in francs, of 843.72 meters silk, at 5.75 francs per meter, less 12% ? 8. What is the net cost of a lot of musical instruments amounting to $1,875.60, on which a discount of 10, 5, and 21% is allowed? (Art. 924, Ex. 7.) 9. What would be the net cost of the same articles, if the discount were 21, 5, and 10%? 10. Find the net cost of the same, at 171% discount. 11. Goods catalogued at x dollars are sold at a discount of 20 and 10%. Find value of x, if net price is $360. 946. Oral Problems. 1. A can do a piece of work in 5 hours, B in 7 hours. How long will it take both working together? 2. An agent collected a bill, and sent to his employer the amount, less 21% commission. If his commission was $1.60, how much did he remit to his employer? 3. My house, worth $12,000, is insured for of its value, at 1%. What premium do I pay? 4. A floor 6 yards long, 4 yards wide, needs 32 yards of carpet to cover it. What is the width of the carpet? 5. What will be the interest on $87, at 5 per cent, for 144 days? 6. Find the discount, at 8 per cent, on a note for $176, which has 90 days to run. 7. An agent receives $8,200 to invest after deducting his commission of of the amount invested. What is the agent's commission? 8. By selling a house for $3,500, I lose $500. What is my loss per cent? 9. A lot is sold for $1,200, at a loss of 20 per cent. What part of $1,200 is the loss? 10. A merchant's receipts are $1,200; his gain is 20 per cent. What part of his receipts is profit? 11. If 3 men earn $72 in 8 days, how many dollars will 5 men earn in 11 days? 12. If a dealer loses 25% by selling a horse for $225, what per cent would he gain or lose by selling the horse for $325? 13. Find the cost of 4 yd. 1 ft. of ribbon, when 2 yd. 2 ft. cost 40 cents. TO FIND FACE OF NOTE, RATE OF DISCOUNT, AND TIME. 947. I wish to obtain $1,000 from a bank. What must be the face of a 30-days note, which will give the above proceeds, if it is discounted at 6%? 948. A note for $1,980 was discounted at 6%. The proceeds vere $1,959.21. How many days had the note to run? 949. Slate Exercises. 1. Three-months note; face, $108; rate 6%. Find pro ceeds. (Term of discount is 93 days.) 2. 90-days note; face, $360; discount, $6.51. Find rate. Find term. Find face. 3. Proceeds, $717.60; rate, 5%; face, $720. 4. Discount, $11.20; rate, 7%; term, 48 days. 5. 15-days note; face, $1,560; rate, 6%. Find discount. 6. Term, 20 days; face, $158.40; proceeds, $157.96. Find rate. 7. Rate, 7%; discount, $2.10; face, $150. Find term. 8. Two-months note; discount, $14.70; rate, 7%. Find face. 9. For what amount must a 60-days note be drawn, so that the proceeds will be $300 when the rate of discount is 8 per cent? 10. A note for $120 was discounted at a bank March 15, 1894. What is the date of the maturity of the note, the proceeds being $119.52 and the rate of discount 6 per cent? 11. Find the proceeds of a 6-months note for $875 drawn Jan. 2, 1894, and discounted at 6 per cent 35 days after that date. 12. A merchant bought 300 barrels of flour at $4.75 per bbl., cash, and sold it for $5 per bbl., taking in payment a 60-days note for the amount. If he has the note discounted immediately at a bank, at 7 per cent, what does he gain by the transaction? 13. What will be the face of a 30-days note (without grace), the proceeds of which when discounted at a bank at 6%, will pay for 3,000 bu. corn at 493 per bushel? 14. The proceeds of a note for $1,200, due March 15, 1896, and discounted at 6%, were $1,184.80. When was it discounted? |