2 Bought knives for 20 cents each, and sold them at 17cts, each ; how much is lost by the sale of 120 dozen ? answer 43,20cts. 3 Hats bought at 45. a piece, and sold at 4s. 9d. what is the gain per cent ? answer 181. 158. 4 Bought 7 tuns of wine, at 171. per hhd. and sold it at 1s. per pint, what is the whole gain, and the gain per cent? answer whole gain 2291. 12s. per cent. 481. 45. 8d. 5 A draper bought 100 yards of cloth for 149 dols. how must he sell it per yard, to gain 51 dols. in the whole ? answer 2 dols. per yard. 6 Bought 60 reams of paper, at 2 dols. per ream; what is lost in the whole quantity, at 4 per cent? answer 4,80cts. 7 Sold 500 penknives, at 15d, a piece, and 9 per cent. loss; what is lost in the whole number ? answer 31. 1s. 9d. 8 Paid 691. for 1 ton of steel ; what is the profit or loss on the sale of 14 tons retailed at 6d. per pound ? answer 1821. loss. 9. If a yard of cloth be bought for 13s. 4d. and sold for 1.6s. what is the gain per cent? answer 201. 10 If 1C. of tobacco be bought for 4l. 13s. 4d. and sold at 11d. per pound, what is the gain or loss per cent? answer 101. gain. 11 A draper bought 100 yards of cloth for 561. how must he sell it per yard, to gain 15l. per cent ? answer 128. 10de 12 Sold 12 yards of cloth for 51. 14s. by which was gained 8l. per cent. what was the prime cost of a yard ? answer 8s. 9d.+ 13 Having bought a parcel of goods for 8l. and sold the same immediately for 25l. with 4 months credit; what is gained per cent. per annum ? answer 1161. 13. 4d. 14 Bought 300lb. of coffee at 4s. 2d. per lb. ready money, and sold it at 5s. per pound, payable in 8 months ; how much was gained on the whole, allowing discount at 6 per cent. and how much per cent. per annum? 591. 12s. 3d. whole gain 30 15 If, when cloth is sold at 7s. per yard, there is gained 10 per cent. what will be the gain per cent. when it is sold for 88. 6d. per yard ? answer ansiper 331. 11s. 5d. per cent. 16 Rought a chest of tea, weighing 490lb, for 326 dofs. and sold it for 370,10cts. what was the profit on each lb. answer 9 cts. 17 Bought 12 pieces of white cloth, for 6l. 10s. per piece. paid 20s. 10d. a piece for dying; for how much must I sell them each to gain 20 per cent? answer 91. Is. 18 If 28 pieces of stuff be purchased at 4l. per piece, and 10 of them sold at 6b. and 8 at 5l. per piece ; at what rate must the rest be disposed of, to gain 10 per cent. by the wholer answer 2l. Es. 4d.} 19 Sold a yard of cloth for 11s. 6d. by which was gained at the rate of 15 per cent, but, if it had been sold för 12s. what would have been the gain per cent? answer 2012 20 If, when cloth is sold at 7s. a yard, the gain is 101. per cent. what is the gain or loss per cent. when it is sold at os, a yard? answer 5l. 14s. 3d. loss. 21° At 1d. per shilling profit, how much per cent? answer 121. 10s. 22 At 3s. 6d. in the pound profit, how much per cent? answar 171. iQs. 23 If by selling ilb. of pepper for 10d., there is ad. lost, how much is the loss per answer 161, 24 A merchant received from Lisbon 188 casks of raisins, which stand him here in 16s. each ; and by selling them at 28s, per Cwt. he gains 25 per cent. required the weight of each cask one with another? answer 80lb. FELLOWSHIP. MELLOWSHIP is the rule for adjusting the several quotas of the loss or gain on any joint adventure, or of a bankrupt's effects, &c. CASE 1. RULE. PROOF, 3 1 PROOF. The sum of the several shares must equal the whole gain, or loss. EXAMPLES 1 Three merchants traded. A put in 140 dols. B 300 dols. and C 160 dols. their gain was 120 dols. what is each man's share thereof? A 140 140 : 28 A's share. B 300 As 600 : 120 :: 300 : 60 B's share. C160 160 : 32 C's share. $ 140 answer. Dols. 600 Dols. 120 Proof. 2 Three merchants, trading to Virginia, lost goods to the value of 8001. now suppose A's stock was 1200l. B's 48001, and C's 20001. what sum must each man sustain of the loss ? answer A 1201. B 4801. C 2001. 3 A, B and C, freighted a ship with 108 tuns of wine, of which A had 48 tuns, B 36, and C 24, but by reason of stormy weather were obliged to cast 45 tuns overboard ; how much must each man sustain of the loss? answer A 20, B 15, and C 10 tuns. 4. Suppose a merchant is indebted to 9 701. T 4001. V 1401. 12s, 6d. but upon his death his estate is found to be worth only 409l. 145. how must it be divided among his creditors ? answer S must have 46t. 19s. 3d. 4, T 2681. 75. 7d.), V 941. 7s. od. 5 If the money and effects of a bankrupt amount to 14001. 14s. 6d, and he is indebted to A 7421. 12s, to B 6411. 19s. 8d. and to C 9871. 19s. 9d, how must it be divided among them ? ans. A must have 4381. 8s. 4d.1, B 3791. 3d. i C 5831. 5s. 9d. 6 Three graziers, A, B and C, rent an estate containing 292 acres, 3 roods, 17 perches, at 2001. per annum ; of which A pays 601. B 651. and C 751. they have agreed that the estate shall be divided in proportion to the rents ; what is each man's dividend ? A. R. P. A's share 879.17 answer B's 95 0 28 C's 109 3 11 { 7 P, Q and R, rent an estate, containing 360 acres, at 2401. per annum: of whịch P holds 90, Q 120, and R 150 acres ; what must each man pay, in proportion to the land he holds ? p601answer Q 801. R 1001. RULE. As the sum of the products, EXAMPLES. 1 Three merchants traded together; A put in 120l. for 9 months, B 1001. for 16 months, and C 100l. for 14 months, and they gained 1001. what is each man's quota ? m. Sum 4080 Sum. £: S. d. 240 C's 40,80 100 0 0 0 Proof. 2 Three merchants in a joint adventure put in as follow: A 400l. for 9 months, B6801. for 5 months, and C 1201, for 12 months ; but by misfortune lost goods to the value of 5001. what must each sustain of the loss ? ans, A must lose 2131. 55. 4d., B 2011. 8s. 5d. and C 85l. 6s. 1 d. 3 A, B, and C, hold a pasture in common, for which they pay 20l. per annum ; in this pasture A had 40 oxen for 76 days, B 36 for 50 days, and C 50 for 90 days; what part of the 201. must each of them answer A must pay 61. 10s. 22.1, B Sl. 178. 1d. C 91. 128. 84. pay. 4 A put in stock 1800 dols, B advanced 4 months after ; required the sum he put in, so as at the year's end to claim equal profits with A? answer 270odols. 5 A, B, and C join stocks for 12 months ; A puts in 100l. and the first of the fifth month 1501. more ; and on the first of the ninth month takes out 30l. B puts in 250l. on the Grst of the sixth month 60l. more, and on the first of the eleventh month rool. more; C puts in 2008.; on the first of the fourth month takes out 2001. and on the first of the eighth month takes out sol. more; the whole gain is 1331. what is each partner's proper share of it? answer A must have 402 145 od. B 641 125 6d. Ç 271 135 5d. 6 A, B, and C made a stock for 12 months ; A put in at first 3641. and four months after he put in 40l. more ; B put in at first 408). and at the end of 7 months he took out 861. C put in at first 1481. and three months after he 861. and 5 months after that he put in 100more; and at the end of 12 months, their gain is found to be 14361. what is each man's share thereof? answer A 5561 3s 6d., B 5291 16s 9d. 4, C 3491 195 8d. 7 A, B, and C join in company : A's stock is 50l. for 12 months, B's 160 yards of cloth 8 months, and C's 240 bushels of wheat 7 months ; their gain is such, that. A and B's share is 4561. B and C's 4311. C and A's 3751. -- Required the whole gain; each one's respectively; the price of B's cloth per yard, and what C's wheat was per bushel ? answer whole gain 6311. A's share 200l. B's 2561. and C's 1752, B's cloth' 125. per yard, and C's wheat 6s 3d. per bushel, put in EXCHANGE. one state or country, is reduced to that of another. Par is equality in value, but the course of exchange is fre. quently above, or below par. Agio is a term used to signify the difference, in some countries, between bank and current money. CASE 1. RULE |