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? 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

41 = 14, investment.
500
$$$$ x 15

8500, sales.

500, commissions. Or, 8000 x 18 8 x ante o = 8000 x 17

= 8500.

96 Taa

9.6
102

STOCKS, BONDS, ETC.

EXAMPLES.

1. What is the cost of 8 shares stock, $100 per share, at 5 per cent premium?

$800 x 1&&

= $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 1% premium. What is the cost and premium ? Ans. $201 cost, $1 premium.

4. Bought a draft on New York for $500, premium 1%. What is the cost and premium?

Ans. $11 premium, $5014 cost. 5. Sold $750 uncurrent funds, at 5% discount. What was the amount of sale, and the discount ?

Ans. *7124 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 Thu = $125 gain.

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 3% discount ?

Ans. 371. 9. Purchased per broker, 20 shares stock ($50) at 15% discount, brokerage %. What was the cost ?

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$1$$ø x x 3 = 3411 = $8541.

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10. Bought 15 bonds (face $250) at 15% discount, brokerage 3%; sold them at 10% premium, brokerage 3%. What was the gain ?

Bought 15 X 250 X X 487.

Sold 15 x 250 x 18 x 27. REM.—Brokerage has to be paid both on the purchase and sale ; it will increase the cost, but diminish the sales.

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
2500

25

= rate of premium = to, or 1%. 2500

2. Bonds (face $2500) cost $2550, brokerage $373 What was the percentage of premium ?

2550

374 25123 2500

121

rate of premium 2500'

100'

or 1%, Ans.

3. Bonds (face $5000) cost $4275, brokerage $25. What

per cent was the discount ?

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4. Received $5.40 for a note of $6 ; what per cent was the discount ?

6.00 5.40

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5. Bought gold at 5% premium, the premium alone was $15; how much gold was bought?

To 15, TOO = 3, 100 = $300.

6. Sold bonds at 15% discount, and received $210 less than the face? What was the face value ?

10 = 210;

10% = 210 x 100 = $1400.

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% x =

18%. 13% of 80% = f xf = 18% .

11% = 210. 21% is paid for brokerage, the gain is

-20% - 20% = 17%%.
17% = 1076

= $179.
1888 = 1 = 170 x 1080 = $1000, Ans. .

8. What is the face of a draft costing $3193.19, bought at a premium of 11%? $3193.19 x 38%

= $3146.

9. Bought a draft on New Orleans at 1 per cent dis , count for $990 ; what was the face of the draft ?

Ans. $1000. 10. Invested $6750 in stocks at 25% discount. What was the par value of the stocks ?

Ans. $9000. 11. Invested $6250 in stocks at 60%, and brokerage 21% 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 $22.8.25 ?

Ans. $2150. 13. Bought goods at 80 cts. per yard, and sold at 90 cts. per yard. What per cent did I gain ?

121
1!= = = 121%.

100

14. Bought goods at 80 cts., and sold at 10. What per cent did I lose ?

121

= 121%. 100

15. Bought goods for $1 and sold for $4. What per cent did I gain ?

188 300%.

16. Bought goods for $4 and sold for $3. What per cent did I lose ?

1 = MO 25%. 17. Bought goods for $5 and sold for $2. What per cent did I lose ?

3 = 10o = 60%. 18. Bought for $1 and sold for 175 cts. cent did I lose ?

= 25%.

60

What per

What

19. Bought goods for $160 and sold for $180. per cent did I gain ?

121 1% = =

= 121%100

200

INSURANCE.

Insurance of property is a guarantee of a certain sum of money in case the property is lost by fire or any casualty.

The contract for insurance is termed a Policy, and the sum paid annually is the Premium.

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