12. How many

cords are there in a pile of 4-foot wood 7 ft. high and 40 ft. long?

13. Find the cost, at 36 cents per square yard, of plastering the four walls and ceiling of a store 72 ft. long, 36 ft. wide, and 12 ft. 3 in. high, allowing 375 sq. ft. for openings.

14. What is the cost of carpeting a room 14 ft. 9 in. long and 12 ft. 6 in. wide with Brussels carpet 27 in. wide, costing $1.35 a yard, running the strips lengthwise of the room and making no allowance for waste in matching the pattern?

15. Find the cost of 48 planks, 16 ft. long, 14 in. wide, and 3 in. thick, at $34 per M.

16. What is the altitude of a triangle whose area is 600 sq. ft. and whose base is 60 ft.? (Let x = the altitude and make an equation.)

17. A building lot was sold for $1150, which was an advance of 15% on the cost. If it had been sold for $2210, what would have been the rate per cent of gain?

18. A farm, sold at a loss of 18%, brought $16,400. How many dollars were lost?

19. At what price must cloth costing $3.50 per yard be marked, that the merchant may deduct 20% from the marked price and still gain 20% ?

20. One brand of tin plate is made by dipping thin steel plates into molten tin. A coating of tin adheres to the steel, making a sheet of bright tin.

a. If 112 of the plates weigh 98 lb. before being dipped, and 106 lb. after being dipped, what per cent of the tin plate is tin?

b. What per cent of the tin plate is steel?

c. How many pounds of tin will 2800. tin plates contain?

21. The following is a record of receipts and expenses for one year of a 94-acre farm in New York State, owned by Mr. Tallcott, and worked by a tenant who received one half of the net income as his share :

a. How much did the tenant receive for his year's work? b. The owner's entire investment consisted of $2700 paid for the farm, $500 for improvements, and $800 for stock. Out of his share of the profits, he paid $35 taxes and insurance, $68 for repairs, and $90 for other items. His net income was what per cent of his investment?

c. The next year, the income from produce (cabbages, wheat, potatoes, etc.) diminished $388. The income from milk and live stock increased $407, and the expenses increased $63. Was Mr. Tallcott's per cent of net income increased or diminished, and how much?

22. How many steres of stone are there in a stone wall 3 m. long, 5 dm. thick, and 250 cm. high?

23. Write 10 dm., 5 m., and 9 mm. as one number.

24. How many liters of water will be contained in a vat which is 3 m. long, 25 dm. wide, and 200 cm. deep?

25. How many kilograms of water will a rectangular tin box hold, if it is 15 dm. long, 25 cm. deep, and 1 m. wide?

26. What is the cost of goods that bring $742.56, when sold at a gain of 7%?

27. A certain kind of dress goods shrinks 4% in sponging. How many yards should be purchased for a suit requiring 12 yd. of sponged cloth?

28. A sloyd class was composed of 20 boys. Each boy made a sled of the following parts: runners, 42 in. long and 41⁄2 in. wide; three crosspieces, each 21⁄2 in. by 12 in.; a top, 12 in. by 281 in. What was the cost of the lumber at $70 per M, none of it being more than 1 in. thick, and estimating that 20% of all the lumber purchased was wasted in the work?

HINT.-What per cent of the lumber was not wasted?

29. For what sum must I give my note, without interest, due 90 days from date, in order that it may yield $492.50, when discounted at 6% on the day of date?

30. A note for $600, without interest, dated July 1, due 90 days from date, was discounted Aug. 30, at the rate of 7% per annum. Find the proceeds.

31. What principal will give $63 interest in 2 yr. 3 mo. at 8%?

32. At what rate of interest will $600 amount to $692 in 2 yr. 6 mo. 20 da.?

33. Find the interest on $390 for 1 yr. 6 mo. 5 da. at 5%. 34. What per cent of the list price is paid by a purchaser who is allowed discounts of 20% and 10%?

35. The premium on an insurance policy is $33, and the rate 10%. What is the face of the policy?

6

36. A certain village must raise $9017 by taxation.

There

are 670 men who pay a poll tax of $1 each. The assessed valuation of the property of the village is $667,760.

a. What must be the tax rate?

b. What is the tax on property assessed at $7500?

C.

What is the entire tax of a man whose property is assessed at $1475 and who is a resident of the village?

d. What is the assessed valuation of property on which the tax is $95.50 ?

37. In order to close out a stock of gloves that cost me $9.60 a dozen pairs, I am selling them at $.75 a pair. What per cent do I lose?

38. A collector collected a sum of money, took out his commission of 3%, and sent his principal the remainder, which was $3636.53. How much did he collect?

39. Marcus Stevens, of Fort Wayne, Ind., bought of Johnson & Co. of Harrisburg, Pa., a bill of goods amounting to $673. Johnson & Co. shipped the goods and drew on Stevens for the amount, at 60 days sight, through the First National Bank of Harrisburg. The draft was accepted by Stevens, discounted by the First National Bank at 6%, and the proceeds credited to the account of Johnson & Co.

a. Write the draft as it was when discounted.

b. What was the amount credited to Johnson & Co.?

40. Franklin J. Becker, of Nashville, imported 10 cases of machinery from Germany, invoiced at 7700 marks. Find the duty, in United States money, at 45% ad valorem.

41.

a. What is the duty, at 10 per gallon, on 400 barrels of rape-seed oil, each barrel containing 52 gallons?

b. If the oil was invoiced at 69,000 francs, what must be the

cost of a draft on Paris sufficient to pay the bill, the rate of exchange being 5.171 ?

STOCKS

478. It often happens that one man or a small group of men desire to engage in a business that requires more money, or capital as it is called, than they alone are able or willing to invest in it. They obtain more money by organizing a stock company. That is, they draw up a subscription paper, describing the business in which they purpose to engage, the signers of which agree, on certain conditions, to pay into the treasury of the company the sums of money set opposite their names in the subscription paper.

For convenience, the entire amount to be raised is divided. into a certain number of parts, called shares, and each subscriber may subscribe for as many shares as he desires.

The shares of railroad, steamship, telegraph, banking, and manufacturing companies are usually $100 each. The shares of Western mining companies are usually one dollar each. Sometimes shares are even less than one dollar.

When a sufficient number of shares have been subscribed for, the company is organized, and receives from the state or government a charter or certificate of incorporation empowering it to transact business as an individual. The shareholders elect certain ones of their number, generally not less than five, to be the directors of the company. In voting, each shareholder has as many votes as the number of shares which he owns. The directors elect officers whose duty it is to manage the business. Each shareholder receives a certificate of stock, which is a document, signed by officers of the company, stating the size of each share and the number of shares which he owns. These shares may be bought and sold like any other property.