158 = = = 971 ANALYSIS. 188 18 = 3755.40. db 3155 100 19% $$ 971 Cancel and compute. 18. A broker sells 50 tons of hay, proceeds $862.944, brokerage 11%; how much per ton did the owner realize ? Ans. $17. 19. Sold flour at 21% commission, invested of the amount of sales in sugar at 13% commission ; the balance, after deducting commissions, was $430. What was the flour sold for, and how much was invested in sugar ? The commission on sugar = 1%. و 100 430. = 500. 31% on the whole is 14% on t; the balance is $500, which is 4 the sales of flour; therefore, flour sold for $2000 and $1500 invested in sugar. 20. Sold goods at 4% commission, and invested the proceeds, except my commissions, in other goods at 4% commission. My commissions were $200; what was the amount of sales and also of the investment? Band x 10a Log invested ; 184 = commission. 18 ਤ = 200. ? 21. Sold goods and invested the proceeds, retaining the commissions, which were 4% on the sales and 2% on the investment. The amount invested was $8000 ; what was the amount of sales and of the commissions ? x 10 = 놓을 = 14, investment. 96 96 102 = 500 $$$$ x 1 = 8500, sales. 500, commissions. 8000 x 182 x = 8000 x 17 = 8500. Or, STOCKS, BONDS, ETC. EXAMPLES. 1. What is the cost of 8 shares stock, $100 per share, at 5 per cent premium? 5 $800 x 186 = $840. 2. What will 12 shares stock ($50) cost, at 15% discount? and what is the discount ? Ans. $510 cost, $90 discount. 3. Bought $200 gold at 3% premium. What is the cost and premium ? Ans. $201 cost, $1 premium. 4. Bought a drast on New York for $500, premium 1%. What is the cost and premium? Ans. $14 premium, $5011 cost. 5. Sold $750 uncurrent funds, at 5% discount. What was the amount of sale, and the discount? Ans. *7121 sale, 374 discount. 6. Bought 50 shares R.R. stock ($50) at 64%, and sold them at 69%. What did I gain ? $50 x 50 = $2500 x xáu $125 gain. 0 7. Bought stock at 105%, and sold it at 96%. What was lost on 60 shares ($50) ? Ans. $270. 8. What is the difference in the cost of a draft on New York for $5000 at 1% premium, and one on New Orleans for the same sum at % discount? Ans. 374. 9. Purchased per broker, 20 shares stock ($50) at 15% discount, brokerage 1%. What was the cost ? 5 $1$$$ x x 8 = 17 10. Bought 15 bonds (face $250) at 15% discount, brokerage 3% ; sold them at 10% premium, brokerage 1%. What was the gain ? Bought 15 x 250 x 180 x 281. Sold 15 x 250 x H8 x 28% REM.—Brokerage has to be paid both on the purchase and sale ; it will increase the cost, but diminish the sales. 85 PROBLEMS. To find the rate per cent of gain or loss. The ratio of the gain or loss reduced to hundredths, either as a common fraction or a decimal fraction, the number of hundredths will be the rate per cent. EXAMPLES. 1. Paid $2525 for a draft on New York for $2500. What percentage was the premium? 2525 = rate of premium = to, or 1%. 2500 = 2. Bonds (face $2500) cost $2550, brokerage $373 What was the percentage of premium ? 2550 374 2512 2500 12 2500 rate of premium 100 or 1%, Ans. 3. Bonds (face $5000) cost $4275, brokerage $25. What per cent was the discount ? 4. Received $5.40 for a note of $6 ; what per cent was a the discount ? 6.00 5. Bought gold at 5% premium, the premium alone was $15; how much gold was bought ? TO 15, Ito = 3, Tdo 108 = $300. 6. Sold bonds at 15% discount, and received $210 less than the face ? What was the face value ? 1201 7. Bought bonds at 60%, sold them at 80%; brokerage in the purchase and sale 13%; the gain was $179. What was the face of the bonds ? 11% of 60% 8 x 8 = 10% . % 1% = 21 21% is paid for brokerage, the gain is -20% - 20% 21 178%. = $179. X = a 8. What is the face of a draft costing $3193.19, bought at a premium of 11%? $3193.19 x 30% = $3146. was the 9. Bought a draft on New Orleans at 1 per cent discount for $990 ; what was the face of the draft ? Ans. $1000. 10. Invested $6750 in stocks at 25% discount. What par Ans. $9000. 11. Invested $6250 in stocks at 60%, and brokerage 23% on the par value. What is the par value of the stocks? Ans. $10000. 12. How much gold at 51% premium, can be bought for $2268.25 ? Ans. $2150. 13. Bought goods at 80 cts. per yard, and sold at 90 cts. per yard. What per cent did I gain? 123 100 |