22. A salesman is guaranteed a salary of $2000 per year, with the understanding that he is to receive not less than 4% of his total sales. What is his income in cash in the

following years? What per cent of his sales for 1910 did he receive as salary? What per cent of his sales for the three years is his income for that time?

1. Give the fractional equivalent for the following percentages: 5%, 63%, 81%, 10%, 111%, 121%, 20%, 25%, 331%, 50%, 621%, 75%.

2. If B=200 and R= .05, find P in the equation BR = P. 3. If B=600 and P= 200, find R in the equation BR=P.

4. A man bought a drug store for $ 6000 ; he gave a mortgage for 60% of it. What was the amount of the mortgage? 5. A merchant failing in business was able to pay 85% of his debts. How much did he pay A, if he owed him $ 4000? 6. A man's income is $1500 per year. His expenses are as follows rent, $ 300; household, $ 500; heat, $50; light, $20; clothing, $200; miscellaneous, $100. What per cent of his salary does he save?

7. A town lot is valued at $ 2000, caused by a 25% rise in the value of real estate. If the owner valued it before the rise at 20% more than he paid for it, what did it cost him?

8. A house is sold for $10000, at a loss of 20% of the cost. Had it been sold for $15000, what would have been the per cent of gain?

9. A man bought a farm for $ 6000. Disregarding interest, he can pay for the property in 12 years by saving 20% of his income. What is his income?

10. A merchant's cost of doing business is 33% of his gross sales; his profits are 20% of his gross sales. If the gross sales for the year 1912 are $50000, what per cent of his profits is his cost of doing business?

GROUP 2

In applying the principles of percentage to the solution of problems, as in Gain and Loss, Commission, etc., pick out B, R, and P before attempting to solve.

2. An article is sold for 504, at a profit of 15%. formula can be applied to the solution of this problem? two parts are given, and what is to be found?

3. Make up a problem, using the formula

B

R

= P.

What

What

4. A bought 50 hogs for $325; he sold them so as to gain 163% on the cost. How much did he receive for each hog?

5. A trunk is manufactured at a cost of $4.75. It is sold at a profit of 40% of the cost by an agent who charged a commission of 10%. How much did the manufacturer get for it?

6. A clothing merchant sold a suit of clothes for $25. If he gained 331% on the cost, what was the cost of the suit?

7. An automobile which cost, when new, $1350, was sold a year later for $837.50. What was the per cent of loss?

8. A manufacturer gained $15000 in 1911, and lost $6700 in 1912. If the capitalization was $75000, what was the per cent of gain for the two years?

9. A commission merchant received a shipment of 6000 bu. of potatoes. He sold 163% of them at $1.25 per bushel; 331% at $1.121; 40% at $1.10; the remainder at cost. If they cost him $1 per bushel, how much did he gain?

10. A bought a stock of merchandise for $12000. He sold it at a gain of 20% of the cost, but was unable to collect 20% of the bill. What per cent of the cost did he make on the deal?

2. A dealer can buy the same line of goods from either of two wholesale houses. The first offers him discounts of 20%, 15%, and 5%; the second offers 25%, 10%, and 5%. Which offer is the better, and how much?

3. A gas company offers a discount of 5 per thousand cubic feet off the contract price of 35¢ per thousand cubic feet on bills paid before the 10th of each month. What per cent of each bill is saved by taking advantage of the offer?

4. Which is greater, a discount series of 15%, 20%, and 5%, or a straight discount of 40%?

5. A merchant bought a bill of goods on terms 2%/10, net 30. He paid the bill 5 da. after its date, thereby saving $17. What was the face of the bill?

6. A wholesaler sold ten bills of goods to customers, allowing on each discounts of 25%, 10%, and 5%. What were the discounts, if the bills were as follows: $135.68, $320, $56.70, $301, $ 827.32, $26.81, $443.49, $72.50, $625, $281.33?

7. The net proceeds of a bill on which discounts of 10% and 5% had been allowed were $256.50. What was the face

of the bill?

8. An article listed at $1.20 cost a dealer 72¢. If the first discount was 20%, what was the second discount?

9.- Goods listed at $50 are discounted 40% and 331% to a retailer. What discount must the retailer give off the list price in addition to 40% in order to gain 25% of the cost?

10. What is the net discount of the following bill, if paid on April 1? What would it have been, if paid March 1, anticipation being 11% per month?

1. Using the key in § 204, mark shoes costing $2.40 a pair so as to gain 663 %.

2. The following price tag was put on a sweater:

u.oa

a.xm

What per cent of the cost is the profit on the sweater? (Use key in § 204.)

3. Make up a key for marking goods similar to the one in § 204. Make a price tag showing cost per piece on an article costing $24 per dozen, and a selling price per piece to gain 30%. (§ 206.)

4. A suit of clothes costing $6.50 is marked to sell at $10, but is sold for $9.87. What per cent of the cost is sacrificed by selling below the marked price?

5. A merchant marked an article costing 50¢ to sell at 75, thinking he was making a net profit of 50%. If his cost of doing business is 20 %, at what should he have sold it in order to make actually 50 % profit?

6. Property costing $4800 is sold to net the owner 20% profit after paying a commission for selling of 5%. For what price does it sell? (§ 211.)