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c.11)250.00(22721b. 11oz.+ Ans. Or, as llc. : 200lb. :: D1.25 : 22721b. lloz.
2. A. and B. barter, A. sold B. 4.5 yards of broadcloth at 15.25 per yard, 150 lb. of pork at 8.5 per lb., and one barrel of mackerel at D10.25; B. let A. have 2.5 cords of wood at D3.75 per cord, 10 bushels of wheat at D1.25 per bushel, and 7 bushels of rye at 80c. per bushel ; how does the account stand ?
Ans. B. must pay to A. D19.15. 3. D. sold a horse for D75, one half was paid in cash down and the remainder in oats at 37.5c. per
bushel ; how
many bushels of oats did he receive ?
Ans. 100. 4. How much corn at 87.5c. per bushel, is equal to 464 bushels of wheat at D1.25 per bushel ?
Ans. 662 bushels, 3 pecks, 3 quarts. 5. How much tallow at 8.5c. will you receive in barter, for 12cwt. 2qrs. 8lb. of sugar at 15c. per Ib. ? Ans. 24841b. lloz.
6. C. has 2 pieces of broadcloth; 1 piece contains 30 yards at 14.50 per yard ; the other 25 yards at D3.75 per yard, which he will barter with P. for 2000lb. of pork at 10.5c. per lb. and the balance in flax at 12 c. per lb. ; how much flax will C. receive ?
Ans. 150lb. 7. W. has 3 hogsheads of wine at D1.12 per gallon, for the value of one half he will take wheat, at D1.10-per bushel, and for the remainder he will take 250 yards of domestic cloth ; how much wheat will he receive, and how much will the cloth cost him per yard ?
Ans. 96 bushels, 6 quarts, 1 pint, wheat ; and cost of cloth, c.42.3+ per yard.
8. How much butter at 14c. per pound must be given for 85 pounds of ham at 16c. per pound, and 8 pounds of tea at D1.25 per pound ?
Ans. 168lb. 9oz. 9. Two farmers bartered ; A. had 120 bushels of wheat at D1.50 per bushel, for which B. gave him 100 bushels of barley worth 65c. per bushel, and the balance in oats at 40c. per bushel; what quantity of oats did A. receive ? Ans. 287.5 bush.
10. A merchant sold 14.5 yards of broadcloth at D4.25 per yard, and received in payment 95lb. of wool at 31.25c. per Ib., 15doz. of
eggs at 16c. per dozen, 4.25 bushels of wheat at D1.12 per bushel, a quarter of beef weighing 1641b. at 6c. per lb., 471b. . of tallow at 12c. per lb., 8 bushels of rye at 937c. per bushel ; and 78fc. in cash; how much more must he (A ) receive foi ; his cloth ?
Ans. 0. 11. A. and B. bartered ; A. had 8.25 cwt. of sugar at 12 cts. per lb., for which B. gave him 18 cwt. of flour ; how much was the flour
Ans. 5.5c, 12. B. has 5 pieces of muslin, each piece containing 95 yards at 23c. per yard, for which C. is to give him 32 sheep at D2.50 each, and the remainder in rye flour at D1.50 per cwt. ; how many cwt. of flour must C. receive ?
Ans. 19cwt. 2qr. 13. A. purchased a flock of sheep of B. consisting of 75 in number, at D1.75 each ; he paid B. D87.50 in cash, 1.5 tons of hay at D7.50 per ton, and 9 bushels of corn at 62 c. per bushel; required the balance due.
Ans. D26.87.5. Having the ready money and bartering price of one article given and the ready money price and quantity of another article given, to find the bartering price and the quantity of the other.
As the ready money price of the one : is to the ready money price of the other :: so is the bartering price of the first : to the bartering price of the second.
14. A. and B. barter ;. A. has 145 gallons of wine at D1.20 per gallon ready money, but in barter will have D1.35 per gallon; B. has linen at 58c. per yard, ready money; how must B. sell his linen per yard, in proportion to A.'s bartering price, and how many yards are equal in value to A.'s wine ?
Ans. 65.25c. linen per yard, and 300 yards. 15. A. has wheat worth D1.13 per bushel ready money, but in barter he will have D1.33 per bushel ; B. has butter worth 20c. per lb. ready money; how must B. rate the butter to be equal to the wheat ?
Ans. 23.5c. 16. P. has indigo worth D1.00 per pound ready money, but in barter he will have D1.13 per pound ; C. has sugar worth 10c. per pound ready money; how must C. rate his sugar that it may be equal with the indigo?
Ans. 11.3c. 17. A. has coffee worth 20c. per lb. in ready money, but in barter he will have 25c. per lb.; B has broadcloth worth D2 per yard ready money; at what price ought the broadcloth to be rated in barter ?
Ans. D2.50. 18. A. has 320 doz. of candles at D1.20 per dozen, for which B. agrees to pay him D160 in cash, and the rest in cotton at 20c. per lb.; how much cotton must B. give A. ?
19. A person purchased 120 tons of iron at D10.25 per ton, and paid as follows, namely : In cash D500; 27 bushels of salt at 65c. per bushel ; 150lb. of leather at 25c. per lb. ; 8 bushels of clover-seed at D4.75 per bushel ; 15 bushels of flax-seed at D1.10
bushel ; 75 gallons of currant wine at D1.25 per gallon ; 250 bushels of oats at 37.5 per bushel ; and he is to pay the balance in honey at 75c. per gallon ; required the balance due, and the quantity of honey to be paid.
Ans. Due D432.95; honey 577 gallons, 1 quart. 20. H. has 75 sheep at D1.75 each, for which W. is to give him D109 in cash, and the rest in corn at 62.5c. per bushel ; how much corn must W. give H. ?
Ans. 35 bushels, 2 pecks, 3 quarts. 21. P. and Q. barter ; P. has Irish linen at 60c. per yard, but in barter he will have 64c. per yard ; Q. delivers him broadcloth at D6 per yard, worth only D5.50 per yard; which has the advantage in the bargain, and how much linen does P. give Q. for 148 yards of broadcloth ?
As 60 : 64 :: 5.50 : 5.86% ; therefore, Q. by selling at D6 has the advantage ; then 6 : 148 yards :: 64 : 1578% yds. Ans.
22. A. has linen cloth at 30c. per yard ready money, in barter 36c., B. has 3610 yards of riband at 22c. per yard ready money, and would have of A. D200 in ready money, and the rest in linen cloth ; what rate does the riband bear in barter per yard, and how much linen must A. give B.? The rate of riband is 26.4c. per yard, and B. must receive 1980 yards of linen and D200 in cash.
23. A. has 150 yards of linen, at 25c. per yard, which he wishes to exchange with B. for muslin at 50c. per yard ; how much muslin must A. receive ?
Ans. 75 yards. 24. A. had 200 barrels of flour at D10.50 per barrel, for which B. gave him D1090 in money, and the rest in molasses at 20c. per gallon ; how many hogsheads of molasses did he receive?
Ans. 80 hogsheads, 10 gallons. 25. A merchant, in bartering with a farmer for wood at D5 per cord, rated his molasses at D25 per hogshead, which was worth no more than D20; what price ought the farmer to have a cord for his wood to be equal to the merchant's bartering price ?
Ans. 16.25. 26. A farmer sold a grocer 20 bushels of rye at 75c. per bushel; 200lb. of cheese at 10c. per pound; in exchange for which he received 20 gallons of molasses, at 22c. per gallon, and the balance in money; how much money did he receive ?
What is barter ? What will you first do when you wish to barter one commodity for another? What is the first rule ? After having found the value of the article you wish to exchange, how will you find the answer ? Repeat the second rule, and explain its operation.
PROFIT AND LOSS.
This rule is used to find the profit or loss sustained in the purchase or sale of property of every description, and to adyance or reduce the value of any article so as to gain or lose so much per cent.
When property or an article is purchased at a certain price, and is to be sold at any other price, either more or less, to ascertain the profit or loss on the whole work by the following rule.
1. Find the whole amount of the cost. 2. Find the amount it sold for. 3. Then if the sum it sold for be more than the cost, subtract the sum it cost from the sum it sold for, and the remainder will be the profit. 4. But if it sold for less than it cost, subtract the sum it sold for from the sum it cost, and the remainder will be the loss.
1. A. purchased 50lb. of cheese at 12.5c. per pound, and sold it for 15c, per pound; what is the profit on the whole ? Thus: price per lb. 12.5 cents. 15 cents, price it sold for.
50 pounds. 50 pounds. 16.25.0 cost. D7.50 sold for.
2.5 gain per pound.
D1.25 profit. 2. Purchased 12961b. of sugar at 9c. per pound, and sold it. at 11.5c. per pound; what is the profit on the whole ?
Ans. D32.40. 3. When 250 bushels of wheat are purchased at D1.25 per bushel, and sold for D1.31.25 per bushel; what is the profit on the whole ?
Ans. D15.62.5. 4. If you purchase 180 bushels of rye at D0.937 per bushel, and sell it for D1.02 ; what is the profit on the whole ?
Ans. D15.75. 5. If 1500 pounds of ham cost 12.5 cents per pound, and is sold for 18.75 cents per pound, what is the profit on the whole ?
Ans. D93.75. 6. If a merchant should purchase 1150 bushels of corn, at 87.5c. per bushel, and sell it at 85c. per bushel, what would his loss be on the whole ?
Ans. D28.75. 7. If you purchase 25 barrels of flour at D9 per barrel, and sell it for 5c. per pound, will you gain or lose, and how much ?
Ans. D20, gain. 8. If a hogshead of sugar weighing 9cwt. 2qr. cost D120, and be sold for 10c. per pound, what is gained or lost on the whole ?
Ans. 113.60, lost. 9. A merchant purchased 30 yards of broadcloth at 14.75 per yard, and sold it for D5.06.75; required the profit on the whole.
Ans. D9.52.5. 10. A. paid D130 for a pipe of wine, which he sold for D1.02 per gallon ; did he gain or lose, and how much on the whole ?
Ans. I .48, lost.
When property is purchased or sold, to know what is garred or
The price it cost is the first term ; the difference of what it cost and what it sold for is the second term; and 100 is the third term; then work by simple proportion.