First remainder, .25250 tenths of cents. We find that 429082 tenths of cents marked, PW, to be the present worth of 450 dollars. The amount of this present worth at 6 per cent. 9 months, will prove the work true. PROOF FOR LESSON 2. 429082 tenths of cents principal. 2574492 product by 6. 27890|33 interest for 1 year. [Continued. 450100.000000 amount or proof. Subtract the present worth from the given sum, the remainder will be the rebate. EXAMPLE. 450000 given sum or debt. 429082 25250 present worth and remainder. 20191.7 74750 $20 91c. 7 tenths the rebate. BARTER. Barter is an exchanging of one commodity for another. How LESSON 1. many yards of gingham, at 37.5 cents a yard, must be given for 90 pounds of beef, at 5 cents a pound? 90lb. at 5 cents. Answer, 12 yards. 5 450 cents, amount of the beef. Now say, if 37.5 cents will buy one yard, how many yards will 450 cents purchase? 37.5 1: 450.0 37.5)450.0(12 yards, answer. 375 .750 750 Proof: What cost 12 yards at 37.5 cents? LESSON 2. A farmer exchanged 25 bushels of potatoes, at 50 cents a bushel, for sugar at 20 cents a pound; how many pounds Answer, 62lb. 8 oz. were required? A forgeman delivered 5 cwt. 3 qrs. of iron, at 8 dollars 96 cents a hundred, for which he received 40 yards of coating; how much did the cloth cost a yard? Bought 64 bushels of salt, at 874 cents a bushel, and sold the same at 1 dollar and 5 cents a bushel; what sum did I Answer, $11 20c. gain? A Bought 348 yards of cloth for 174 dollars; how must it be sold a yard to gain 25 per cent.? Ans. at 62 cents. Note.of any sum added to itself, will make 25 per 348)17400(50 cents a yard, prime cost. Bought 11 cwt. 2 qrs. 21 lb. tobacco, at 560 cents a hundred; but, it being damaged, I sold it at 4 per cent. loss; how much was that a pound? 2) 560 cents, price of 1 hundred. 11 6160 price of 11 hundred. Ans. 4.8 cents. Two or more partners stock money together and trade a certain time, then divide the gain into shares according to each one's stock: this method of transacting business is called Fellowship. EXAMPLE. LESSON 1. Two merchants, A and B, join in partnership; A, lays in 80 dollars, B, 120, and they gain 50 dollars; what is each man's share of said gain? Answer, A, must have 20, and B, 30 dollars. |