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1240. .50/01860.00^

THE NEW STUDENT'S REFERENCE WORK

or      1860 = 1

620


 * = 1240.

300 600 600

0

6.   The population of a certain town is 6270, which is 371% more than it was at the last census. What was it then?

7.   121% of 6440 tons is 25% of what number of tons!

8.   In 1910 a tea merchant bought 6480 chests of tea, which were 10% less than he bought in 1911. How many chests did he buy in 1911 f

9.   3% of 1200 is |% of what number!

10.   There leaked out of a cask 10.08 gal., which was 16% of what it first contained. What did it first contain?

Profit and Loss, Insurance, Trade Discount, Commission, Taxes, and Duties are applications of Percentage, and are reckoned by the rules that govern the three principles in Percentage.

EXEECISE 34. PEOFIT AND LOSS.

1.   A house that cost $8575 was sold at a gain of 18%. What was received for it?

2.   A farmer sold a lot of wheat at a profit of 121%, and gained $606.25. What was the cost?

3.   A merchant buys butter at 27c a pound and sells it for 36c a pound. What % does he make!

4.   A real estate dealer bought 75 A. of land at $25 per acre, and sold the entire lot for $2960.80. What was the gain per cent?

5.   A grocer sold 220 bbl. of apples for $467.28. If he paid $1.45 per bbl. for the apples, and 35c a bbl. for transportation, what % did he gain!

6.   A dealer bought paper at $2.25 per ream, and sold it at 20c per quire. What % did he gain?

7.   An estate was sold for $11,220, at a loss of 12%. What was the cost?