1519 16 6 Massachusetts 129 19 1 Exchange Ans. £.389 17 4 Sterling. 1. What is the Federal amount of an invoice of goods, charged at £.196 14 6 Sterling advancing on it 25 per cent. è 25 )196 14 6 Sterling 49 37 Advance 245 18 1 Exchange at 333 per cent. 81 19 4 cts. £.327 17 6 Massachusetts 3)327875 109291 Ans. 1092 dols. 91 cts. 2. The Sterling cost of certain goods being £.60 12 6, what does it amount to in Massachusetts money, advancing on it 50 per cent. ? 60 12 6 50 Massachusetts money. Ans. £.121 The mercantile method, with 50 per cent. advance, is to double the Sterling for Massachusetts money; thus, 60 12 6 Sterling. 2 £.121 50 Massachusetts, as above, 3. An invoice of goods, charged at £.52 19 7 sterling, is sold at 75 per cent. advance on the sterling cost, how much is. it in Massachusetts money? 52 19 7 Ans. £.123 12 4 Massachusetts money. The mercantile method, with 75 per cent. advance, is to multiply the ster ling by 2 for Massachusetts money. Thus, 52 19 7 23 105 19 2 17 13 21 .123 12 4 Massachusetts money, as above. 4. The sterling cost of certain goods being £.214 11 6, how much is it in Federal money, advancing thereon 60 per 5. What is the amount of a bill of exchange of £.115 14 9 sterling, sold in Boston at 1 per cent. advance? 6. A merchant in Boston receives a parcel of goods from London, charged in the invoice at the following prices, and marks them for sale at 60 per cent. advance on the sterling cost; required the selling price of each in Massachusetts money; dols. cts. m. S. d. s. d. 7. A watch that cost 15 guineas in London, was sold in Boston at 50 per cent. advance on the sterling cost, what was the price? 15 guineas£.15 15 0 Sterling 8. How much is the premium of insuring £.294 at 8 guineas per cent. ? Ans. £.24 13 11 Sterling. Mercantile methods of calculating, viz. At 25 per ct. disc. from the sterling cost, multiply it by 1 for the answer in Massachusetts money. 10 par 12 12 per ct. adv. on the sterling cost, multiply it by 1. The money of account as in England, but different in value.. The par between England and Ireland is 83 per cent. that is, .100 sterling money is £.108 6 8 in Ireland. Mercantile weights and measures, the same as in England. Torcduce Irish money to Federal.. BULE. Reduce the given sum to half pence, annex two cy phers to it, and then divide by 117, (the half pence in a dollar), and the quotient is the answer in cents. Or reduce the Irish to Sterling, by deducting from it, and then work as 10 Sterling. EXAMPLE. Change £278 15 9 Irish money to Federal. To change Federal money to Irish. RULE. Multiply the given sum by 117, reject two figures. from the product to the right hand, and the remaining figures. are the half pence in the given sum. 1. Change 1143 dols. 74 cts. to Irish. 114374 117, 800618, 114374. 114374 2)133817 58 12)669082 20)5575 8 Ans. £.278 15 82 If the sum is dollars only, work by either of the following: methods. |