24. By selling corn for $92.61, a man gained 12%. What did it cost him?

I

25. I sell a horse for twenty per cent less than my asking price, and yet make twenty-five per cent profit. asked $200. What did the horse cost me?

26. My height is 6 feet 1 inches, my neighbor is 5 feet 10 inches. What per cent am I taller than he is?

27. A farmer sold 160 acres of land for $2944, which was 8% less than it cost. What did it cost an acre?

28. By selling a horse for $160, I lose 20%. What would have been the selling price had I gained 20% ?

29. 14% was gained by selling tea at $.45 a pound. What did it cost a pound?

30. Mr. Brown sold a lot for $4300, and by so doing made 11%. What did he gain?

31. If I buy oranges at the rate of 3 for 3 cents, and sell them at the rate of 2 for 5 cents, what per cent profit do I make?

32. A jeweller sold two watches at $24 each. On one he gained 20%, and on the other lost 20%. What did both watches cost him?

COMMISSION.

245. Oral.

1. A certain agent receives for his services 2% of the value of the goods which he sells. How much will he receive for selling $1000 worth of goods?

2. A purchasing agent receives for his services 3% of the value of goods purchased. How much will he receive for purchasing $2000 worth of goods?

3. How much must I pay my agent for selling $3000 worth of potatoes if I pay him 5% ?

4. At 5% how much will a collecting agent receive for collecting $800 ?

5. How much must I pay my broker for selling $1000 worth of stocks, if I pay him 4% of their value?

246. An Agent is a person who transacts business for another.

247. Some agents are known as Brokers, or Commission Merchants, according to the kind of business transacted.

248. The compensation of an agent is called Commission, or Brokerage.

The commission of a purchasing agent is usually a certain per cent of the value of his purchases.

The commission of a sales agent, or of a collector, is usually a certain per cent of the amount collected.

249. The merchandise sent to a commission merchant to be sold is called a Consignment.

250. The sender is the Consignor, and the person to whom the goods are sent is the Consignee.

251. The commission is the percentage, and the amount collected or invested is the base.

252. Written.

6. An auctioneer charges 5% commission for selling $864 worth of goods. What is the amount of his commission?

7. Sold 850 barrels of flour at $5.25 a barrel, and charged 24% commission. Find my commission.

8. What is an agent's commission for selling 6840 lb. of butter, at 19 cents a pound, commission 11% ?

9. A dealer sells real estate for a commission of 2%. How much must he sell during the year to secure an income of $75 per month?

10. A broker in New York received of one per cent commission for negotiating a sale of 500 one thousand dollar bonds. What was his commission?

11. A real estate man made $50 by receiving 2 per cent instead of his regular commission of 2 per cent. What did his sales amount to?

12. An agent's fee for collecting bills is 3%. If he receives $86.25 as his commission, how much money has he collected?

13. An agent collected $1864 from a sale of some pictures, and received $4.66 as his fee. What was the rate of commission?

14. An agent having sold 1250 velocipedes at $8 apiece, invested his commission of 13% in a new stock company. How many shares at $25 each did he take?

15. What per cent does an agent charge who receives $223 for buying $5575 worth of produce?

16. A man sends his agent $6000 to invest in flour, after deducting his commission of 2%. How much money is spent for the flour, and how much for the agent's commission?

17. A man is paid 5% for collecting $235.75. How much must he pay over to his employer?

18. A merchant sent his agent $3150 with which to buy flour after deducting his commission of 5%. At $4 per barrel how many barrels did the agent buy?

19. An agent sold iron for $9872. He received $163.70, which included a freight charge of $52.64. What rate of commission did he receive?

20. Received as net proceeds from a sale of cotton $1025.70, after paying my agent 21% for selling. What did the sale amount to?

21. An auctioneer sells 15 tables at $1.45 apiece, 22 chairs at $1.12 apiece, and some pictures for $8.70, on a commission of 51%. What was his commission, and the net proceeds of the sale?

22. My agent in Boston sold a number of bicycles at $85 each. After deducting his commission of 31%, he returned to me $5759.60. How many bicycles did he sell?

23. An agent who sold 150 lots at $2333 each, charged $262.50 for his services. What rate of commission did he get?

24. A collector pays over to his principal $23358.391 after deducting a commission of 4%. How much was the entire collection?

25. If I send my agent $367.20, with instructions to buy tea at 30 ct. a pound, and he charges 2% for buying, how many pounds of tea should I receive?

26. A real estate agent charges me two per cent for selling my property in Boston. He remits me $5880. What

was his commission ?

27. A commission merchant in New York charged $36 for insuring my goods, $14 for cartage, and $50 commission at 2 per cent for selling them. How much money should he remit to me?

28. Sent my agent $2050 to invest in coal at $4 per ton, after deducting his commission of 21 per cent. How many tons of coal could he buy?

29. A cotton broker received $2531.71 with which to buy cotton at $.12 a lb. He charged 21% commission. How many pounds of cotton did he buy, and what was his commission ?

30. A real estate agent receives $162,193.50 from a company to invest in land. If he charges 5% commission, how

many acres of land can he buy at $9 an acre? What is his commission?

31. An agent sold 12000 lb. of cotton at 10 cents a pound. He invested the proceeds in lumber at $25 per M. If his commission for selling was 4%, and for buying 2%, how many feet of lumber did he purchase?

32. A grain-dealer received $4820.40 with which to buy wheat at 60g a bushel after deducting his commission of 3%. How much wheat did he purchase?

33. How much stock can be bought for $10827, allowing 14% brokerage?

INSURANCE.

253. 1. I keep my house insured for $4000. I pay the insurance company 1% annually. How much do I pay annually?

2. If my house (Ex. 1) burns down at the end of three years, how much shall I receive from the company more than I have paid them?

3. If I pay $75 per annum for insuring my house at 1%, for how much is it insured?

4. At 2% what will be the cost of insuring $10000 of merchandise at 3 value?

254. Insurance is security against loss.

255. The payment made for insurance is called the PreSome of the different kinds of insurance are,

mium.

256. Fire, Lightning, Tornado, Accident, Life, and Marine. 257. The contract between the insurer and the insured is called the Policy.

258. The amount insured is the base, and the premium is the percentage.