96. If the wheel of a wagon measures 94.248 in. around the tire, how many revolutions will the wheel make in going 48 miles ? PERCENTAGE. The terms per cent and percentage come from the Latin centum, meaning, by the hundred. 6 per cent, or 6%, or .06 of 150 = 9. per 6 is the rate per cent, .06 is the rate, 150 is the base, 9 is the percentage. (1) Goods which cost $162.50 are sold at an advance of 14%. What is the profit? If they are sold at a loss of 14%, the loss is $22.75. (2) Goods which cost $162.50 are sold at an advance of 14%. What is the selling price? Goods which cost $162.50 are sold at a loss of 14%. What is the selling price? (3) Goods which cost $162.50 are sold for $185.25. What Goods which cost $162.50 are sold for $139.75. What is the loss? $162.50 $22.75 (4) Goods are sold at a profit of 14%. The selling price is $185.25. What is the profit? The profit is of the cost, the selling price is 11 of the 14 cost, the cost is 10 of the selling price, the profit is 14 of Goods are sold at a loss of 14%. The selling price is $139.75. What is the loss? The loss is of the cost, the selling price 140 the cost 100 of the selling price, the loss 86 86 100 of the cost, of the selling (5) Goods are sold for $185.25. The profit being $22.75, what was the cost? $185.25 $162.50 Goods are sold for $139.75. The loss being $22.75, what was the cost? $139.75 $162.50 (6) Goods are sold at a profit (or loss) of $22.75, which is 14% of the cost. What was the cost? (7) Goods are sold for $185.25. The profit is 14%. What was the cost? 325 6175 50 Goods are sold for $139.75. The loss is 14%. What was the cost? 325 50 = $162.50. 86 43 (8) Goods that cost $162.50 are sold for $185.25. The profit is what per cent of the cost? Goods that cost $162.50 are sold for $139.75. The loss is what per cent of the cost? (9) Goods are sold for $185.25. The profit is $22.75. The profit is what per cent of the cost? Goods are sold for $139.75. The loss is $22.75. The loss is what per cent of the cost? (10) Goods that cost $162.50 are sold at a profit (or loss) of $22.75. The profit (or loss) is what per cent of the cost? (11) Goods that cost $162.50 are sold at a profit of $22.75. What is the selling price? $162.50 $185.25 Goods that cost $162.50 are sold at a loss of $22.75. What is the selling price? $162.50 $139.75 (12) Goods are sold at a profit (or loss) of $22.75, which is What is the selling price? 14% of the cost. 325 57 $22.75 × 114 PROBLEMS IN PERCENTAGE. 97. If 90 bbls. of apples cost $164.32, for what must they be sold per barrel to yield a profit of 28% ? 98. A man earning $2.80 per day has his wages raised 5%. How much more will he receive per week than formerly? 99. I sell a house for $4200, which is 20% more than it cost. How much do I make by the transaction? 100. I buy a horse and carriage for $355. I pay $2.25 for shoeing the horse, $7.50 for repairing the carriage, $1.50 for a whip, and sell the outfit for $450. What is the per cent of profit? 101. A real estate dealer sells a house and lot at a profit of $1232.16, which is 163% of the cost. What was the cost? 102. I buy 1000 bu. of grain at $.62 per bushel. The market value declines, and I am compelled to sell at $.57. What per cent do I lose? 103. A produce dealer sells a lot of potatoes for 60 cts. per bushel, which is 22% more than they cost. What did he pay for 152 bu.? 104. A grocer sells flour at a profit of $1.10 per barrel. His profit is 18% of the cost. What is his selling price? 105. An architect charges 5% commission for making plans and superintending the building of a house. The total cost of the house including commission being $6240.21, what was the commission? |