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ered, amounting in the whole to $75240, have to make good $7561,62. What is the average loss per cent. ?

İf 75240 7561,62 100 Or, 75240 7561,62: 1 dol.

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Ans. 10,05 per cent. or, 10,05 cts. per dollar. 4. It is required to know how much is to be charged to each of the following, interested in the preceding statement, viz.

Ship valued at $6586,00 at $10,05 per cent. $661,89

Freight
A.'s goods

444,22 3953,80

4420,14

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B.'s
C.'s
D.'s

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- 2189,94

145,09

39,01

10,21

117,46

$7561,62

FREIGHT.

FREIGHT, in navigation and commerce, is the consideration of money agreed to be paid for the use or hire of a ship, or, in a larger sense, the burthen of such ship.

1. What is the freight of 1776 cwt. 2 qrs. 24 lbs. of sugar to Amsterdam, at £5 sterling per ton, equal to 5s. per cwt. 1776 2 24

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2. What is the freight of 393 cwt. 2 qrs. 24 lbs. of coffee, at 90s. per 2000 lbs.?

39300

4716

56

24

44096

90

2,000)3968,640

20)1984,320
£99 4 3

3. What will the freight of 6 tons 4 cwt. 2 qrs. 18 lbs. of sugar, delivered at Trieste, amount to at £4 ster. per ton? Ans. £24 18 73.

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4. What is the freight of 12 boxes, measuring 249 feet 4 inches at 2s. per foot? Ans. £24 18 8. The readiest way for casting freight is to have a table previously made, thus-at the preceding rate of £4.

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Use of the Table.
T. C. qr. lb.

1. Required the freight of 15 4 2 3 at £4 ster. per ton.

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Or, $270,70 by the table.

2. Required the freight of the following goods in the Camillus, delivered in Trieste, at £4 sterling per ton.

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3. G.'s freight in the Camillus, making part of the return cargo from Trieste to Boston, viz.

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What would it amount to in Boston, at £4 ster. for 2000 lbs. -100 lbs. Trieste or Vienna weight being equal to 123 lbs English?

14622,

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An estimate of the quantity of certain goods calculated to

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40 Cubic feet in Merchants' ships.

When freight is per barrel, five cubic feet of other goods are allowed for a barrel.

It would be well, if in making contracts for freight in foreign ports, captains or supercargoes would ascertain the contents of merchandise by actual measurement. This is the more necessary, as the customary rate of the tonnage of some goods differs from the true contents,

PRIMAGE.

PRIMAGE is a certain allowance paid by the shipper or consignee of goods, to the master of a vessel, for loading the

same.

What is the primage on the following sums at 5 per cent. viz.

A.'s freight of £813 11 8 sterling.

B.'s
C.'s

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Ans. On A.'s freight £40 14 7 or $181,02

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STOCK, in the sense in which it is here used, is a fund established by government or individuals in a corporate capacity, the value of which is variable.

EXAMPLES.

1. What is the amount of $1565 national bank stock, et 134 per cent.?

1565

134

6260

4695

1565

2097,10

Ans. $2097 10 cts.

2. What is the amount of $2958 bank stock, at 25 per cent. advance ?

2958

25 739,50

3697,50 Ans. $3697 50 cts.

3. $6959 of 8 per cent. stock at 110 per ct. Ans. 7654,90

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DISCOUNT.

DISCOUNT is the abating of so much money to be received before it is due, as that money, if put at interest, would gain in the same time and at the same rate.

> Thus $100 would discharge a debt of $106 payable in 12 months, discount at 6 per cent. per annum, because the $100 received would, if put to interest, regain the $6 discount.

RULE. AS $100, with the interest for the given time, is to 100, so is the given sum to the present worth, and the difference between the present worth and the given sum is the discount.

EXAMPLES.

1. What is the present worth of $450 due in 6 months, discount at 6 per cent. per annum ?

6 m. 16

3

100

d.

103 100 :: 450

Ans. $436 89 cts.

2. How much is the discount of £308 15s. due in 18 months, at 8 per cent. per annum?

3. What is the present worth of $5150 discounting at the rate of 8 per cent. per ing one per cent. for prompt payment ?

Ans. £33 1 74.

due in 4 months, annum, and allowAns. $4950.

4. A. is to pay $5927 on the 19th of April, 1799, and $5989 the 19th of July following it is required to know how much money will discharge both sums on the 19th of January, 1799, discounting at 8 per cent. per annum?

Ans. $11569,43.

Though the discount found by the preceding method is thought to be the sum that should be deducted for present payment in justice to both parties, yet in business the interest for the time is taken for the discount.

EXAMPLES.

5. What ready money will discharge a note of $150, due in 60 days, allowing legal interest, or 6 per cent per annum, as discount?

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