Cuftom-Houfe Allowances on Tea, Coffee, and Sugar. Tare on whole chefts of bo- lb. Which tares fhall include There is an allowance of two per cent. for leakage on the quantity which fhall appear to be contained in any cask of liquor fubject to duty by the gallon; and ten per cent. on all beer, ale, and porter in bottles, and 5 per cent. on all other liquors in bottles in lieu of breakage, or the duties may be computed on the actual quantify, at the option of the importer, to be made at the time of entry. 1. EXAMPLES. Sold ten cafks of allum, weighing grofs 33 cwt. 2 qrs. 15 lb. tare 15 lb. per cafk; what is the amount at 235. 4d, per cwt. ? cwt. gr. lb. grofs 33 2 15 tare I I 10 neat 32 1 5 Anf. £.37 13 61⁄2 2. At 1 dol. 25 cts. per lb. what will 3 chefts of hyfon tea come to, weighing gross 96 lb. 97 lb. and 101 lb. ; tare 20 lb. per cheft. 3. At 9 dols. 49 cts. per cwt. what will to, weighing gross, viz. Anf. 292 dols. 4. At 795. 9d. per cwt. how much will 4 hhds. of madder come to, weighing grofs, viz. Anf. £.166 9 62 5. At 62s. per cwt. what will a hhd. of fugar come to, weigh ing grofs 7 cwt. 1 qr.; tare 12 lb. per cwt. ? Anf. £.20 1 4. 6. At 21 cts. per lb. what will 6 hhds. of coffee come to, weighing gross, viz. cwt. qr. lb. lb. tare 96 98 91 90 89 100 Anf. 964 dols. 32 cts. 7. What would the above coffee amount to, allowing 12 lb. per cwt. as tare on the gross weight? Anf. 966 dols. 84 cts. 8. At 725. 6d. per cwt. how much will 8 hhds. of sugar come to, weighing grofs each 8 cwt. 3 qrs. 7 lb. ; tare 12 lb. per cwt.? Anf. £.228 3 74 9. At 23 cents per lb. what will 4 bags of coffee come to, weighing grofs 450 lb.; tare 2 per cent. or 2 lb. per 100 lb. ? Anf. 110 dols. 43 cts. At 12 dols. 50 cents per cwt. what will 3 barrels of sugar come to, weighing grofs, viz. 10. II. cwt. qrs. lb. No. I At 15 dols. 40 cts. per cwt. what will 4 hhds. of fugar 12. A has in his poffeffion a hhd. of fugar, weighing grofs 9 cwt. 3 qrs. owned equally between him and B. It is required to know how much fugar he should weigh out to B, allowing tare 12lb. per cwt. ? Anf. 4 cwt. I qr. 111⁄2 lb. 13. At 19 cents per lb. what will 2 hhds. of Coffee come to, weighing grois 15 cwt. 3 qrs. 11 lb. allowing Cuftom-house tare or 12 per 100 ? Anf. dols. 304 59 cts. 30459 cts. 14. B buys of C a hogfhead of coffee, weighing grofs 9 cwt. 2 qrs. tare 12 lb. per cwt. what will it amount to at 23 cts. per lb. ? Anf. 218 dols. 50 cts. 15. If Custom-houfe tare, or 12 per 100, were allowed on the above coffee, what would it amount to, and what difference would it make to the buyer? Anf. It amounts to 215 dls. 51 cts. being 2 dls. 99 cts. in his favour. 16. What is the grofs weight of a hogfhead of tobacco, weighing neat II cwt. I qr. tare 14 ib. per cwt. ? Anf. 12 cwt. 3 qrs. 12 lb. FELLOWSHIP Is when two or more join their flocks and trade together, dividing their gain or lofs, in proportion to each perfon's fhare in the joint ftock. SINGLE FELLOWSHIP. Single Fellowship is when different ftocks are employed for a certain equal time. RULE. As the whole stock is to the whole gain or loss, so is each man's particular stock to his particular fhare of the gain or loss. EXAMPLES. 1. A and B buy certain merchandizes, amounting to £.120, of which A pays £.80 and B £.40, and they gain by them £.32what part of it belongs to each ? A £.80 B 40 As 120: 32::{" 80 40 Ans. £.21 6 8 A. 2. A fhip worth 8400 dollars being loft at fea, of which belonged to A, to B, and the remainder to C, what lofs will each fuftain, fuppofing they have 6000 dollars infured? Anf. A's lofs 600, B's 800 and C's 1000 dols. 3. A and B have gained 1260 dollars, whereof A is to have 10 per cent. more than B, what is the fhare of each ? Anf. A's 660, B's 600 dols. 4. A bankrupt is indebted to A 500 dols. 37 cts. to B 228 dols. to C 1291 dols. 23 cts. to D 709 dols. 40 cts. and his eftate is worth but 2046 dols. 75 cts. how much does he pay per cent. and what is each creditor to receive? Anf. he pays 75 per cent. and A's part is 375 dols. 27 cts. B's 171 dols. C's 968 dols. 424 cts. and D's 532 dols. 5 cts. 5. Three boys, John, James and William, buy a lottery ticket for 3 dols. of which John pays 90cts. James I dol. and William the remainder. This ticket is entitled to a prize of 2000 dollars, subject to a deduction of 12 per cent. how much is each to receive ? Anf. John 525 dols. James 583 dols. 33 cts. William 641 dols. 663 cts. 6. Three merchants made a joint ftock-A put in £.565 6 8, B£.478 5 4 and C a certain fum, and they gained £.373 9 11, of which C took for his part £.112 11 11-required A and B's part of the gain, and how much C put in ? Anf. A's gain .141 6 8, B's £.119 11 4, and C put in £.450 7 8. 7. Three men have to share a legacy of 1500 dols. of which B is to have, C and D the remainder, but C relinquishes his part to B and D, leaving it to be divided between them, according to their shares in the whole. It is required to know how much of the legacy B and D receive refpectively? N Anf. B's part is 1000, D's 500 dols. DOUBLE FELLOWSHIP. Double Fellowship is when the ftocks are employed for different times. RULE. Multiply each man's stock by its time, and add them together, then fay, As the fum of the products is to the whole gain or lofs, fo is the product of each man's stock and time to his share of the gain or lofs. 1. B and C trade in company, B put in £.950 for 5 months, and C £. 785 for 6 months, and by trading they gain £.275 18 4; what is each man's part of the profit ? B's stock 950 X5 = 4750 As 9460: 275 18 4:: {4750: £.138 10 10 B's 4710: 137 7 6 C's 2. Two merchants enter into partnership for 16 months, A put into stock at firft 1200 dols. and at the end of 9 months 200 dols. more, B put in at firft 1 1500 dols. and at the expiration of 6 months took out 500 dols.-with this stock they gained 772 dols. 20 cts.— what is each man's part of it? Anf. A's 401 dols. 70 cts.-B's 370 dols. 50 cts. 3. Two perfons hired a coach in Boston, to go 40 miles, for 20 dols. with liberty to take in 2 more when they pleafed. Now when they had gone 15 miles, they admit C, who wished to go the fame route, and on their return, within 25 miles of Bofton, they admit D for the remainder of the journey. Now as each perfon is to pay in proportion to the diftance he rode, it is required to fettle the coachhire between them. Anf. A and B 6 dols. 40 cts. each, C 5 dols. 20 cts. & D 2 dols, SIMPLE INTEREST Is a compenfation made by the borrower of any fum of money to the lender, according to a certain rate per cent. agreed on for the principal only. The legal rate of interest in Massachusetts is 6 per cent. Principal, is the money lent. Rate, is the fum per cent. agreed on. Amount, is the principal and intereft added together. GENERAL RULE. Multiply the principal by the rate per cent. and divide the product by 100, and the quotient is the answer for one year. |