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OPERATIONS WITH UNITED STATES MONEY

97

The rules for addition, subtraction, multiplication, and division of decimals apply to United States money since it is a decimal system.

Written Work*
1. Find the cost of 27 yards of silk at $ 0.871 a yard.
$ 0.875

Study of Problem
27
6125

1. Why do we change 14 to 5 mills ?

2. What is the name of the right-hand place in 1750

the product? $ 23.625

3. What is the business answer to this problem? Find the cost of : 2. 4 yd. of lace @ $0.371. 5. 8 lb. of roast @ 111 4. 3. 6 bu. of potatoes @ $0.627. 6. 25 bu. apples @ $13. 4. 9 doz. eggs @ $0.127. 7. 36 cords of wood @ $35.

Find the amount of : 8. 23 yd. of cloth @1234. 9. 14 cakes of soap @ 23%.

14 boxes corn starch @ 8%. 37 boxes macaroni @ 12; $. 31 lb. of raisins @ 30¢. 14 cans of soup @ 10%. 10. At $ 1.50 each, how many readers can be bought with $ 6.00 ? 150 $)600$ (4 times or readers.

When the divisor contains

cents, both dividend and divisor 600

may be changed before dividing. 11. At $ 1.25 each, how many pairs of gloves can be bought for $ 57.50 ?

12. A farmer sold potatoes at 2 bushels for $ 1.50. He received $87.50. How many bushels did he sell ?

* For short methods of performing operations of this kind, see p. 175.

HAM. INT. ARITH. — 7

13. Walters & Company sold sleds at 65 cents each. They received $ 31.20. How many dozen sleds did they sell ?

14. Find the cost of boarding for 12 weeks at $7.50 a week.

15. A merchant bought i dozen pairs of shoes at $2.75 a pair. How much was paid for all ?

16. A bookseller sold 56 books at $0.127 each, 37 books at $0.40 each, and 75 books at $0.25 each. How much money did he receive for all ?

17. At $.022 each, how much will 1 gross of tablets cost ?

18. A man paid $43.75 for carpet at $1.75 a yard. How many yards did he buy?

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Who sold the goods ? Who purchased the goods ? When and where was the purchase made? What words show that the bill has been paid ?

The words “Received payment, Morris Bros. & Co.," are called the receipt of the bill. Who received the money? When a clerk receives payment for a bill, he always writes the receipt of the firm, per his own name or initials. The receipted bill should be kept by the buyer to show that the bill has been paid.

Every bill should show: (a) the place and date of purchase; (6) the names of the buyer and the seller; (c) the quantity, the price and the cost of each item, and the amount of the bill.

1. Mrs. James Robinson, on a certain day, buys from Morris Bros. & Co., 12 cans of Acme corn @ $0.12), 18 pounds sugar for $1.00, 3 pecks potatoes @ $ 0.25.

Make out the receipted bill.

Make out receipted bills for the following sales, using your father's name as buyer, and the name of your local merchant as seller: 2.31 lb. rice @ $ 0.08. 3. 12 yd. muslin @ $0.09. 10 lb. prunes @ 0.121. 10 yd. lace @ 0.123 2 bags salt @ 0.10.

2 pair socks 4. William Thomas bought of J. A. Crawford & Co., New Castle, Pa., Oct. 10, 1905, 15 lb. butter at 28¢ per lb. ; 10 doz. eggs at 24¢ per doz. ; 35 lb. lima beans at 11¢ per lb. Make out receipted bill, representing yourself as clerk.

5. Mrs. J. M. Rowe bought of Johnston & Son, Buffalo, N.Y., Dec. 22, 1905, 2 dressed turkeys weighing 121 lb. and 13 lb. respectively, at 22¢ per lb.; 5 lb. of lamb chops at 19$ per lb. Clerk, James Brown.

@ 0.35.

6. W. M. Hays & Son, Baltimore, Md., dealers in general merchandise, sold to Frank N. Clark, Jan. 12, 1905, the following bill of goods :

7 lb. butter @ 24¢ ; 6 lb. cheese @ 111 $; 14 yd. calico @ 716; 1 can lard, weighing 84 lb., @ 12%.

Supposing that you are the clerk and some neighbor is the buyer, make out receipted bills for the following purchases at your local stores:

7. 8} lb. lard @ 104; 6 cans corned beef @ 15$; 8lb. ham @ 14$; 8 lb. sausage @ 121%.

8. 3 hassocks @ 98%; 6 chairs @ $1.25; 12 yd. carpet @ $1.10; 2 rockers @ $2.90; 1 lamp @ $1.65.

9. 1 saw @ 75$; 3 gas heaters @ $4.90; 3} doz. screws @ 12¢; 10; lb. lawn seed @ 20$; 8 joints stove pipe @ 30$; 2 elbows @ 40$.

Another form of bill is commonly used when services have been rendered, as well as material furnished. For example :

AKRON, Ohio, June 1, 1907.

Mr. f. R. Burrougha,

To R. W. fones, dr.

To 6 days' Labor @ $7.50 $900

6 lb. Lawn Feed @ 0.25 150
8 lk. Maila @ 0.00 148

10 98

Received Sayment,

June 18, 1907.

R. W. Jones.

The creditor is the person who sells the goods or does the work.

The debtor is the person who buys the goods or for whom the work is done.

In the bill on p. 98 Mrs. Brown is debtor to Morris Bros., since she owes for the goods purchased, and Morris Bros. are the creditors, since they furnished the goods. In the last bill on p. 100 Mr. Burroughs is the debtor for work received, and Mr. Jones is the creditor for work he has done.

1. T. S. Ball owes Dr. S. N. Pool, Lloyd Building, Pittsburg, Pa., for services as follows: Jan. 1, 1907, to 1 call, $2; Jan. 12, 1907, to 1 call, $2; Jan. 14, 1907, office, $1; Jan. 16, 1907, to 1 call, $2. Make out and receipt the bill if paid Feb. 1, 1907.

2. Boydson & Co. owe Charles Frampton, Detroit, Mich., for services as follows:

March 10, 1907, 6 hr. delivering goods @ $ 0.20
March 11, 1907, trip to country

2.00
March 12, 1907,

2.00 March 13, 1907, “

2.00 March 14, 1907, repairs to wagon

3.75 Write the receipted bill of Boydson & Co., if paid April 1, 1907.

3. James Brown owes Stamm Bros. for labor and material as follows: June 1, 1907, 189 ft. lumber at 8¢ per foot; June 4, 1907, 50 lb. cement at 4¢ per pound ; June 8, 1907, 15 days labor at $4.50 per day.

Receipt this bill if paid July 1, 1907.

66

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