6. Edward Perkins gave his note for the balance of the following account, what should the date of the note be?

7. Illustrate by an original problem the method of finding the equated time.

Review Problems.

1. What is the cost of a draft for $370.80 on Chicago at % premium?

2. Find the cost of a draft for $500 on New York at 1% discount.

3. When exchange is at % discount, what is the face of a draft that can be bought for $298 ?

4. When exchange is at can be bought for $2,002 ?

% premium, how large a draft

5. A commission merchant sold $500 worth of corn. After deducting his commission of 2% he bought a 30-day draft, exchange at 1% premium, interest at 6%: what was the face?

6. When exchange on New York was 11% discount, an Indianapolis merchant paid $352.62 for a draft on New York, payable 30 days after sight: what was the face of the draft? (Interest 6%.)

7. What must I pay for a draft for $1,200 payable in 30 days, exchange being 3% premium, and money being worth 6%?

8. To-day I owe $150 due in 30 days, $200 due in 60 days, and $250 due in 90 days. If I give my note for the whole amount made payable at the average time, when will the note be due ?

Review Problems in Percentage.

ORAL EXERCISES.

ART. 395.-1. A insured his store for $8,000 at 11%: what was the premium?

2. What is the premium for an insurance of $6,400 on a house and furniture at 21% ?

3. I insured my furniture for $1,600, and my library for $1,400, at 11% what was the premium ?

4. If I pay $12 for an insurance of $1,000, what is the rate ?

5. What amount of insurance at 3% can be obtained for $60 ?

6. At 21% what amount of insurance can be obtained for $25 ?

7. What is the specific duty on 10 cases of shawls containing 50 each, at $1.25 per shawl?

8. What is the duty at 5 cents a pound on 10 sacks of coffee, each containing 50 pounds, tare being 2% ?

9. What is the ad valorem duty at 25% on 40 watches, invoiced at $30 ?

10. What is the ad valorem duty at 331% on 12 chests of tea, each weighing 55 pounds, and invoiced at 40 cents a pound, tare being 5 pounds a chest?

11. What tax must be paid on property worth $8,400 1 at 11% ?

12. What tax at 2% must be paid on property assessed at $6,200 ?

13. What is the amount of A's tax, who pays at the rate of 2% on $10,000 worth of property, and who pays for 3 polls at $1.50 each?

14. The real and personal property of a town is assessed at $850,000: what is the total amount of tax at 2%?

15. If the rate is 5 mills on a dollar, and I pay $50 tax, what is the assessment on my property ?

16. B's entire tax was $63. He paid for 2 polls at $1.50 each, and the rate was 6 mills on a dollar: what was the amount of his property?

17. What is the premium at 8% on 50 shares of bank stock?

18. What is the discount at 12% on 100 shares of railroad stock?

19. What is the value of 18 shares of turnpike stock at 5% premium?

20. What must I pay for 120 shares of insurance stock at 5% discount?

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21. The premium on 20 shares of mining stock was $100: what was the rate of premium ?

22. The discount on 40 shares of rubber company's stock was $120 what was the market value of the stock?

23. I sold 20 shares of stock at 903, and paid 1% brokerage: how much did I receive?

24. Paid 51% premium and 1% brokerage for 30 shares of zinc-company stock: what was the total cost?

25. A lady gave $20 for a dress and sold it at an advance of 10% how much did she gain?

26. Paid $160 for a horse and sold it at a loss of 121%: how much was received for it?

27. A farmer gave $50 for a cow and sold it at a gain of 7% what did he receive?

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28. A man sold a watch for $72 and thereby lost 28% : what was the cost of the watch?

29. A pony bought for 10% less than its value was sold for 10% more than its value: what was the gain %?

30. If wood is bought for $8 per cord and sold for $9, what is the gain %?

31. If goods are bought for 10% below the market price, and sold at 5% above, what is the gain %?

32. If cloth is bought at 20% below the current price, and sold at 20% above, what is the gain %?

33. What % is gained by selling goods at advance on their cost? At advance? At advance ?

34. A man asked $50 for a suit of clothes, which was 20% more than their cost: if he sold the suit for $45, what % did he gain?

35. A merchant bought goods for 20% less than the market rates, and sold them at 10% above: what % did he gain?

36. A man bought a coat for $44, the dealer thereby gaining 10%; after wearing it a few days, the purchaser returned the coat and was allowed 80% of what he gave: what did the dealer make after selling the coat for 10% less than the original cost?

37. C sold a cow for $48 and thereby cleared of that amount what % would he have lost by selling it for $30?

38. What was the commission of an agent who charged 21% for selling a house for $8,000 ?

39. An agent's commission for buying goods at 11% was $30 what did he pay for the goods?

40. A collector's commission at 2% was $120: what was the amount of his collections?

41. A factor's commission at 21% was $27: what was the amount of his sales?

WRITTEN EXERCISES.

1. What is the annual premium for insuring at 14% a store for $6,800 ?

2. What is the premium for insuring at 21%, a house and furniture for $12,400 ?

3. What will be the cost of insuring my house for $8,400 at 13%, my furniture for $1,500 at %, and my library for $1,200 at 3% ?

4. A ship worth $16,600 was insured for of its value; the premium was $311.25: what was the rate?

5. The cost of insuring $10,500 on my factory was $142.75, including $2.75 for the policy: what was the rate ?

6. An insurance of $5,600 on a house, $1,000 on the furniture, and $1,200 on a barn, for 5 years, amounted to $341.25: what was the annual rate?

7. If the annual premium for insuring a house at 11% is $114, what is the amonnt of insurance ?

8. If I pay $270 for insuring goods at 21% to cover of their value, what is their total value?

9. If a store and goods are worth $6,860, for what sum must they be insured at 2% to cover the property and premium?

10. What sum must be insured, at 13%, on a consignment of coffee that cost $412.65, to cover property and premium in case of loss?

11. What is the specific duty on 80 drums of figs, each weighing 48 pounds, tare 18 pounds to the hundred weight, at $12 a hundred weight?

12. What is the duty on 32 hogsheads of sugar, each weighing 5 cwt. 3 qr. 5 lb., tare 18 pounds per hogshead, duty $1 per hundred weight?

13. What is the ad valorem duty, at 21%, on 72 boxes of dates, 30 pounds to a box, invoiced at $.16 a pound, the tare being 4 pounds to a box?

14. The property of a village, assessed at $650,000, was taxed at 6 mills on the dollar, for public improvements what amount of tax was raised?