SUPPLEMENT to Fellowship. 1. WHAT is Fellowship? QUESTIONS. 2. Or how many kinds is Fellowship ? 3. WHAT is single Fellowship? 4. WHAT is the rule for operating in single Fellowship? 5. WHAT is double Fellowship? 6. WHAT is the rule for operating in double Fellowship ? 7. How is Fellowship proved? EXERCISES IN FELLOWSHIP. A, B, and C, hold a pasture in common for which they pay £20 per annum. In this pasture, A had 40 oxen for 76 days; B had 36 oxen for 50 days, and C had 50 oxen for 90 days. I demand what part each of these tenants ought to pay for the £20 ? § 6. Barter. BARTER is the exchanging of one commodity for another, and teaches mer chants so to proportion their quantities, that neither shall sustain loss. PROOF. By changing the order of the question. RULE. 1. WHEN the quantity of one commodity is given, with its value, or the value of its integer, as also the value of the integer of some other commodity to be exchanged for it, to find the quantity of this commodity: Find the value of the commodity of which the quantity is given, then find how much of the other commodity at the rate proposed, may be had for that sum. 2. "IF the quantities of both commodities be given, and it should be required to find how much of some other commodity, or how much money should be given, for the inequality of their values: Find the separate value of the two given commodities, subtract the less frora the greater, and the remainder will be the balance, or value of the other commodity. 3. Ir one commodity is rated above the ready money price, to find the bartering price of the other: Say, as the ready money price of the one is to its bartering price, so is that of the other to its bartering price. 3. A and B, barter; A has 150 bushels of wheat at 58. 9d. per bushel, for which B gives 65 bushels of barley, worth 2s. 10d. per bushel,and the balance in oats at 2s, Id. per bushel; what quantity of oats must A receive from B? Answer, 325 bushels. 4. A HAS linen cloth worth 20d. an Ell, ready money; but in barter he will have two shillings; B has broadcloth worth 14s. 6d. per yard ready money; at what price ought the broad cloth to be rated in barter? Answer, 178. 4d. 3q. 4 per yard. Z SUPPLEMENT TO Barter. 1. WHAT is Barter ? QUESTIONS. 3. WHEN and how does this rule become useful to merchants ? 3. WHEN a given quantity of one commodity is bartered for some other commodity, how is the quantity that will be required of this last commodity found? 4. IF the quantity of both commodities be given and it be required to know how much of some other commodity, or how much money must be given for the inequality, what is the method of procedure? 5. IF one commodity be rated above the money price, how do you proceed to find the bartering price of the other commodity ? 6. How is Barter proved? EXERCISES. 1. A and B bartered; A had 41 Cwt. of hops, 30s. per Cwt. for which B gave him 20 in money, and the rest in prunes at 5d per lb. I demand how many prunes B gave A besides the £20 ? Ans. 17C. 3qrs. 4lb. 2. How much wine, Dol. 1,28 per gallon, must I have for 26 Cwt. 2 qr. 14 16. of raisins, at Dolls. 9,444 per Cwt. Ans. 196 gal. 1qt. 1pt. and very nearly. ་ § 7. Loss and Gain. "Loss and GAIN is a rule which enables merchants to estimate their profit or loss, in buying and selling goods; also, to raise or fall the price of them, so as to gain, or lose so much per cent." CASE. 1. To know what is gained or lost per cent. First, find what the gain or loss is by subtraction: then, as the price it cost is to the gain or loss, so is 100 dollars (or 100) to the gain or loss, per cent. EXAMPLES. 1. IF I buy candles at 16 cents, 7 mills per lb and sell them at 20 cents per lb what shall I gain per cent. or in laying out 100 dollars? OPERATION. I sell at,20 per lb bought at ,167 per lb. I gain,033 per lb Then, As, 167:,0 3 3 :: 100 100 -D. cts. ,167)3, 3 0 0(19, 76 Ans. 167 1 6 30 1 5 0 3 1270 10 10 1002 8 3. BOUGHT 37 gallons of Brandy, at Doll. 1,10 per gallon, and sold it for Dolls. 40: what was gained or lost per cent? Ans. Doll. 1,719 loss. |