15. I was allowed a discount of 30, 20 and 10% on an invoice of books amounting to $84. How much did I pay for the books? 16. Howard sold a bill of notions for $760, with 25, 13 and 8% off for cash. How much cash did he receive? 17. How much must I ask for goods that cost $20, that I may gain 20% and allow 20% off from marked price? = = $24 = selling price, or $24, 1% of marked price Let 100% the cost $20, 1% = $.20, 120% = 80% of marked price. If 80% of marked price $.30 and 100% or marked price = 100 × .30 = $30. 18. Find the marking price of goods that cost me $30, that I may gain 20% and allow 25% discount from the marking price. 19. A gained 25% on goods that he sold for 40% discount. The goods cost him $12. How much did he ask for the goods? 20. B sold me a bill of goods that cost him $8.40, at a discount of 191%. He gained 15%. How much did he ask for the goods? 21. What must be the marked price of goods that cost $5.80, that the seller may allow 53% off and still make a gain of 30% ? 22. The cost of a pair of shoes was $1.12. The seller gained 45%, and allowed a discount of 20%. What was his marked price from the key "Christopen ?" BILLS 276. A Bill is a written statement of merchandise sold, or services rendered. It should contain the date and place of purchase, names of the buyer and seller, and each article with the prices, terms and total cost. 277. An Item is a single article with price and amount, as given in a bill or statement. 278. An Invoice is a statement rendered by a wholesale dealer, or an account of goods imported. The term invoice usually refers to larger quantities of goods than the term bill, but the terms are often used interchangeably. 279. A Statement is a copy of an account showing the date and amount of each bill and also the balance carried down from the last preceding statement. 280. A Duplicate Bill or Invoice is a copy of the original bill. It should always be marked Duplicate across its face. To receipt a bill the seller writes below the items the words Received Payment and signs his name. If this bill is receipted by a clerk, who may be authorized to perform such duties, he should sign Per his own name or initials immediately beneath that of his principal. 281. Signs and Abbreviations Used in Bills, Statements, Etc. alc or acct. account. C. O. D. collect on de- prox. next month. @at or to. livery. ult. last month. Amt. amount. bal. balance. Bo't bought. Co. Company. ctg. cartage. posite. BIL bill of lading. Cr. creditor. E. and O. E. errors and omissions excepted. F. O. B. free on board. contra. contrary or op- inst. present month. Mdse. merchandise. Rec'd Paym't, received Sunds. sundries or several. #number or pounds. Terms Interest after 60 days; 2% discount, 30 days. Extend all amounts. What was the cost if paid in 60 days; if paid in 30 days; if paid in cash with 2 and 2% off? (The small figures at the right represent fourths-401 is 404 yd.) Terms 30 days, 10 days 3% discount, Cash 3 and 22% discount. What sum will pay this bill at the end of 30 days; at the end of 10 days, in cash when purchased? (The small figures at the right of "Bbl.," are the price of the same. 1st item 240-20, means that the gross weight was 240fb., allowance (tare) 201b., net weight 220 Hb. The 2d, 5th and 6th items are same as 1st.) |