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5. Mr. A collected a claim for me, charging 10% commission. If he paid me $238.77, find the amount of the claim.

6. Mr. Phillips sold a city building lot at 21% commission. He paid to his employer $7800. What was the value of the sale?

7. A commission merchant was paid $27 for selling 300 bbl. of flour at $4 a barrel. What was the rate of

commission?

MODEL. $4 × 300 = $1200, sum received for flour.

$27 ÷ $1200 = 21% Ans.

Since the commission, $27, is obtained by multiplying the sum received for the flour, $1200, by the rate expressed decimally, it is evident that the rate equals $27 divided by $1200, which gives .024, or 24%.

LESSON 93

1. I paid an agent $41.40 for collecting a claim of $720. What was the rate of commission?

2. If $63 is charged for collecting $2520, what is the rate?

3. When $124.80 commission is paid for selling $3840 worth of corn, what is the rate?

4. A manufacturer paid an agent $259.02 for selling goods on a commission of 41%. What was the amount of his sales?

5. An agent remitted $71,295 from a sale of flour after deducting his commission of $1455. Find the rate of commission.

6. A commission merchant sold flour at $4.50 a barrel, on 3% commission. His commission was $126. many barrels did he sell?

How

7. A commission merchant sold 250 boxes of oranges, each box containing 12 doz., at 36 a dozen. What was his rate of commission if he received $59.40 for making the sale?

8. A commission merchant sold a consignment of cotton for $2500. After deducting his commission of 3% and $54.80 storage and freight, what amount was paid to the consignor?

9. An agent sold 80 tubs of butter, 56 lb. each, at 20¢ a pound. After deducting 5% for selling and $46.80 shipping expenses, what amount was paid to the consignor?

10. An agent sold goods which cost $1250 for $1720. What per cent profit did his employer make if the agent charged him $871 commission, $25 freight, and $121 cartage?

11. At a commission of 31%, an agent sold wheat and remitted to his employer $6948. What was the amount of the sale?

12. An agent's commission for selling a city building lot was $423.75. Find the selling price if the rate of commission was 3%.

TRADE DISCOUNT

LESSON 94

Sometimes a certain percentage is deducted from the amount of a bill, or of a debt, for cash payment, or for other reasons. It is not an unusual thing for manufacturers, "firms," or "houses to deduct two or more percentages from the list price of goods. These deductions are known in business as Commercial, or Trade Discounts.

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1. I purchased 28 yards of carpet, the list price being $1.25 a yard, at 10% discount. How much did the carpet cost me?

2. I bought pocket knives, listed at $1.50 each, at 20% off. How much did they cost me?

3. A man sold a bill of goods amounting to $840 at a discount of 12% for cash. What was the discount?

4. J. C. Madden, Wilkesbarre, Pa., bought of the American Book Company, New York:

48 Barnes's Elementary Geography @ $ .55,
48 Natural Elementary Geography @ .60,
60 Natural Advanced Geography @ 1.25.

Find the net amount of the bill, allowing a discount of 20%. Make out the bill.

When two or more discounts are allowed, the first is taken from the list price; the second from the remainder; the third from the second remainder, etc.

5. A man bought an automobile, the list price of which was $600, at a discount of 20% and 10% off for cash. What was the net cost?

MODEL. $600 × .80 = $480 = 20% off.

$480 × .90 = $432 Ans.

6. Mr. Wilson bought 300 wagons, the list price being $70, at 30% and 10% off for cash.

the wagons.

Find the net cost of

LESSON 95

1. I bought shovels, listed at $1.50 each, at 50% and 8% off. How much did they cost me?

2. A manufacturer sold a bill of goods amounting to $260, at 30% discount and 21% off for cash. Find the net price.

3. What is the difference between the net value of a bill of goods for $1000 at 20% and 5% off, and the net value of a bill for the same amount at 25% off?

4. I am offered a bill of goods, list price $1000, at 45% discount, or at 30% and 15% off. Which is the better offer?

5. Find the net price of a $900 piano, if sold at a discount of 40% and 10%.

6. I paid $114.20 for a mowing machine, after deducting 20% from the list price. Find the list price.

7. Which is better, and how much, a discount of 40% and 10%, or a discount of 20% and 30%, from a bill of $3350?

8. Find the auctioneer's commission for selling $765.80 worth of silverware, his rate being 41%.

9. If an auctioneer sells goods at 4% commission and receives $30.28, what amount does he sell?

10. Mr. Detrick paid an attorney $29.25 for collecting a bill of $487.50. What was the rate of commission?

11. Find the net price of a bill of goods amounting to $580, at 30% and 21% off.

12. The Scranton School Board bought of the Bloomsburg School Desk Company a lot of desks amounting to $900, at a discount of 20%, 10%, and 5%. Find the net amount of the bill.

13. A merchant bought a bill of hardware amounting to $469.20 subject to the following discounts: 20%, 10%, and 5%. Find the net amount of the bill.

14. Find the net amount of a bill of goods for $3000 subject to the following discounts: 121%, 5%, and 2%. 15. After a discount of 20% for cash a bicycle was sold for $28.80. Find the list price.

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