? 21. Sold goods and invested the proceeds, retaining the 41 = 14, investment. 8500, sales. 500, commissions. Or, 8000 x 18 8 x ante o = 8000 x 17 = 8500. 96 Taa 9.6 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 ? $1$$ø x x 3 = 3411 = $8541. 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 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 ? 4. Received $5.40 for a note of $6 ; what per cent was the discount ? 6.00 5.40 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%%. = $179. 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 ? 121 100 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. |