ducted, tare 28lb. per pack, at 17s. 6d. per stone next; what must be paid for them? 5 bags of wool, gross.. Ct qr lb 21-2 10 5 bags X 28 = 140 = 1qr. 10= 42. Bought in Ballinaslow, 4 bags of wool wt. 18ct. 2qrs. 16lb. tret 8lb for every 20 stone and bags as wool, at 18s. 8d. per stone; what must be paid for them? Ct qr lb 18 2 16 7 126 4 8 130 8 3 4 127 4 at 18s. 8d. per stone. 894 118 10 8 4 8 £118 15 4 43. Bought 4 packs of wool, gross 28ct. 2qrs. 16lb. tret 32lb. per pack, tret 8lb. for every 20 stone, at 13s. 4d. per stone neat; what must be paid for them? 44. What doth 21 bags of wool cost, gross 132ct. 1gr. 18lb. tare 30lb. per bag, and tret 8lb. for every 3cwt. after the tare is deducted, at 19s. per stone? 45. Bought in Ballinaslow, 12 packs of wool, weight gross, 75ct. 3qrs. 12lb. tret 8lb. for every 20 stone and bags as wool, at 21s. per stone; what must be paid for them? 46. Bought 2 packs of wool, weight gross 13ct. 2qrs. tare 30lb. per pack, and tret 8lb. for every 20 stone; do they amount to at 24s. per stone? 84lb. what RATES PER CENT. RATES Cent. are certain allowances paid £100, such as allowances to Factors, Brokers, Insurers, &c. Commission is the sum which a merchant charges for buying or selling goods for another. Brokerage is a smaller allowance of the same nature for negociating bills, procuring customers for goods, or goods for customers; or freight for masters of ships; or transacting other money concerns. Insurance is a contract by which one person or company on being paid a certain sum or premium by another party, engages to make good to the owner of any goods or property in case of their loss or damage, such loss or damage as they may sustain by accidents; such as fire, the dangers of the seas, or any other specified cause. These calculations are very easily made by conceiving 100 as the first term, the sum insured the second term, and the rate the third term of an analogy, and proceed as in the Rule of Proportion; though in business this is usually done in such a way as to conceal the application of this rule. In the following examples I mean not only to illustrate the rule in full, but also to show the most useful contractions employed by merchants and accountants. Examples. 1. What is the commission on 8421 16s. 8d. at 2 per cent.? * Here I employ the contracted mode of dividing by 100, as taught in Compound Division, 2. What is the brokerage on 7501 13s 4d. at 3s. 6d. per ct? 3. What is the insurance on 3451 17s. 6d. at 3 gs. ct? :,345 17 6:: 34 guineas. 100 4 3549 Auy sum of money, in denominations of £ s. d. may be divided by, 40, thus, cut off from the pounds the units figure, and the other figures divide by 4, the remainder, if any, with the figure cut off annexed thereto are sixpences, the half of which are the shillings of the quotient, and the given shillings and pence, if the digit cut off be even, or if odd with 20 shillings added thereto, being multiplied by 3 and divided by 10, will give the pence and farthings. EXAMPLE.-Let £475 12s. 6d. be divided by 40, or which is the same thing, let the commission on this sum be found at 24 per cent. ? 3 per ct? per ct? 3 per ct? 2 per ct? 1 per ct? 5s ct? 4. What is my commission on 4351 17s 6d at 21 per ct? 5. What will be the insurance on 3251 at 32s 6d per ct? 6. What is the commission on 3001 12s 6d at 7. Required the brokerage on 426/ 10s Od at 8. Required the commission on 1740/ 128 6d at 9. Required the commission on 4297 13s 4d at 10. What is the brokerage on 1250 Os Od at 11. What is the brokerage on 11457 Os Od at per 12. What is the brokerage on 4245/ 12s 6d at per ct? 13. What is the commission on 1741/15s Od at 4 per ct? 14. What is the brokerage on 7017 13s 4d at 11 per ct? 15. What is the insurance on 8647 7s 6d at 21 per ct? 16. What is the insurance on 13717 12s Od at gs. per ct? 17. What is the insurance on 6561 10s Od at 3 gs. per ct? 18. What is insurance on farming stock val. 1541 at 2s 6d pct? 19. What is the insurance on a house and furniture valued at 7501 at 3s. 6d. per cent? 4 20. Shipped goods at a port in Ireland which stand me in 11251; this I order my correspondent in England to insure at guineas British per cent, what sum British currency will he charge me with? 21. At 2 guineas Irish currency per cent, how much must be paid for insuring goods worth 7501 12s. 6d. ? 22. At 2 guineas British currency what sum must I remit to insure goods with 2133/? 23. How much must be insured at 7 per cent on property worth 950/ so that the owner in case of loss may be repaid, not only the value of the goods but also the premium of insurance? Here 100-792 £92: 950 ::100 24. What must be the sum insured at 64 per cent, on goods worth 13897 12s. 6d. that in case of loss the owner may be repaid both the value of the goods and the premium of insurance? 25. Suppose I want to insurè goods worth 4007 at a premium of 8 per cent, and that the stamp for the policy costs 7s. 6d. per cent, brokerage per cent and other incidental charges 1/ per cent; what sum ought I to insure to recover the value of my property and the expenses of insurance? 26. At 3 guineas per cent, what will be the premium of insuring property worth 13501, so that in case of loss the owner may be entitled to the value of the goods and the mium ? pre 27. Suppose I am remitted 5451 Irish currency with orders to purchase goods on which I am to be allowed 4 per cent commission, what sum must I lay out, and after paying myself exactly make up the sum remitted ? 28. Suppose I am remitted 12001, to purchase merchandize for which I am allowed a commission of 5 per cent, this I am also ordered to insure, which I find will cost me 2 per cent; what sum must I lay out, that with my commission, and the insurance I may exactly make up the sum remitted? 29. Suppose I have been remitted 16507 to purchase corn, on which I am to be allowed 4 per cent commission, and am ordered to insure so as my correspondent may sustain no loss, and the insurance costs me 14 per cent; what sum must I lay out, and pay myself commission and insurance, and exactly make up the sum remitted? 30. Suppose my factor charges me with 77 12s. 6d. being his commission at 24 per cent on goods purchased for my account; what was their value? |