6. What part of a dollar is 333 cents? 663 cents? 16% cents? 83 cents ? 7. How many cents in 24 dollars? In 7 dollars ? 8. How many mills in 25 cents ? In 3 dollars ? 9. At 12 cents each, how many slates can be bought for $5 ? 10. At 16 cents each, how many books can be bought for $8 ? WRITTEN. 11. Add seven dollars seven cents; ten dollars fifty cents; three dollars thirty seven cents five mills; sixty two and one half cents; seventy five cents; eight mills; two dollars twenty five cents. 12. Add 5 cents; 20 dollars; 20 cents; 82 cents; 5 mills. 90 cents. 13. $8.+$45.50+$3.75+$.80+$1.125+$8.625+$.005. 14. $.625+$.375+$2.50+$75.+$7.50+$.75+$.075 15. $845.+$959.+$345.+$1.96+$8.437+$9.333+$85.00. 16. From $85 subtract $.85. 17. From $3.75 subtract $.375. 18. What is the difference of $8.25 and $.625 ? 179. When merchandise is bought by the hundred, or by the thousand, the hundred or the thousand is regarded as the unit, and a less quantity as a decimal fraction. 1. Find the cost of 2875 tiles at $28 a hundred. SOLUTION. $28.X28.75=$805. 2. Find the cost of 5250 feet lumber at $13.50 per thousand. SOLUTION. $13.50×5.250=$70.875. 3. Find the cost of 4865 feet flooring at $22 a thousand. 8. A builder bought lath at 40 cents a hundred. His 9. The brick in a building cost $10875, at $7.25 a thouHow many brick were used? sand. 180. When merchandise is bought by the ton of 2000 pounds, multiply the cost of one ton by the number of pounds divided by 2000. 1. Find the cost of 8759 pounds of coal at $6 a ton. SOLUTION. 8759÷2000-8.759÷2-4.3795; $6X4.3795-$26.277. 2. Find the cost of 15270 pounds of coal at $3.50 per ton. 3. Find the cost of 9584 pounds of coal at $5.75 per ton. 4 Find the cost of 13250 pounds of plaster at $5.50 per 5. If a ton of coal costs $2.50 at the mine, $.90 for freight and $.50 for delivery, what does a dealer gain who sells 125800 tons of coal at $5.25 per ton ? SIMPLE BOOK-KEEPING. For convenience, these definitions are given here in a body; but they should be studied in connection with the illustrations given on the following pages. 181. A Debtor is a person, or firm, owing money. 182. A Creditor is a person, or firm, to whom money is owing. 183. A Debit is a written record of money or merchandise owing. 184. A Credit is a written record of payment made. 185. A Cash Book is a book in which an account is kept of all moneys received and paid. Cash on hand should always equal the balance as shown in the Cash Book. 186. A Day Book is a book in which all debits and credits are entered. 187. A Ledger is a book in which each person's or firm's accounts are collected under that person's or firm's name. 188. Posting is the transfer of debits and credits from the Day Book to the Ledger. 189. A Bill of Goods is a written statement, given by a seller to a buyer, of the quantity and price of each article bought, with the total amount of the purchase, and its date. A bill is usually copied from the Day Book, or from a Sales Book, if such a book is kept. 190. When the buyer pays a bill, the seller receipts it. It is then called a receipted bill. The following illustrates a receipted bill: 191. Chicago, Sept 1, 1890. Mossig Barry & Co. Bought of James A. Ameg. 8 bbls. Patents Flours @ $6.75 54 00 2912 112 00 17 10 212 22 Received Payment 192. Make out the following bills, and receipt each of them, signing your name, or initials, as acting for the seller. Make the place your own city or town; the date, to-day. 1. William Jones, bought of Henry Robins, 32 yds. Flannel, at 70c. 18 yds. Muslin, at 10c. 2. Walter Lane bought of John R. Doane & Co. 22 lbs. Butter, at 25c. 8 doz. Eggs, at 14c. 16 lbs. Cheese, at 9c. 10 qts. Milk, at 4c. 3. Samuel Waters bought of Andrew Simmons, 15 lbs. Sugar, at 7c. 12 lbs. Coffee, at 22c. 12 lbs. Soap, at 8c. 4. E. C. Ray & Co. bought of Carr, Smith & Co 8940 ft. Common Lumber, @$15 per M. 5. Mrs. E. M. Barlow bought of The Lehigh Mining Co 6. F. J. Brown bought of A. B. Reed & Co. |