Arithmetic in Which the Principles of Operating By Numbers Are Analytically Ex
Arithmetic in Which the Principles of Operating By Numbers Are Analytically Ex
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NOTE. The profit or loss must be added to or subtracted from the price of purchase.
EXAMPLES FOR PRACTICE.
2. Bought a hogshead of molasses for $60 ; for how much must I sell it to gain 20 per cent. ? Ans. $72.
3. Bought broadcloth at $2, 50 per yard; but, it being damaged, I am willing to sell it so as to lose 12 per cent. ; how much will it be per yard ? Ans. $2 20.
4. Bought calico at 20 cents per yard ; how must I sell it to gain 5 per cent. ? 10 per cent. ? 15 per cent. ?
to lose 20 per ce...nt. ?
Ans. To the last, 16 cents, per yard.
Interest.
^T 149. Interest is an allowance made by a debtor to a creditor for the use of money.
Per annum signifies for a year.
The rate per cent, per annum is the number of dollars paid for the use of 100 dollars, or the number of cents for the use of 100 cents for 1 year.
NOTE. Percentage has hitherto been computed at a certain per cent. , usually without regard to time; interest is computed at a certain per cent, for one year, and in the same proportion for a longer or shorter time.
What to read after Arithmetic in Which the Principles of Operating By Numbers Are Analytically Ex?
You can find similar books in the "Read Also" column, or choose other free books by Daniel Adams to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
NOTE. The profit or loss must be added to or subtracted from the price of purchase.
EXAMPLES FOR PRACTICE.
2. Bought a hogshead of molasses for $60 ; for how much must I sell it to gain 20 per cent. ? Ans. $72.
3. Bought broadcloth at $2, 50 per yard; but, it being damaged, I am willing to sell it so as to lose 12 per cent. ; how much will it be per yard ? Ans. $2 20.
4. Bought calico at 20 cents per yard ; how must I sell it to gain 5 per cent. ? 10 per cent. ? 15 per cent. ?
to lose 20 per ce...nt. ?
Ans. To the last, 16 cents, per yard.
Interest.
^T 149. Interest is an allowance made by a debtor to a creditor for the use of money.
Per annum signifies for a year.
The rate per cent, per annum is the number of dollars paid for the use of 100 dollars, or the number of cents for the use of 100 cents for 1 year.
NOTE. Percentage has hitherto been computed at a certain per cent. , usually without regard to time; interest is computed at a certain per cent, for one year, and in the same proportion for a longer or shorter time.
What to read after Arithmetic in Which the Principles of Operating By Numbers Are Analytically Ex?
You can find similar books in the "Read Also" column, or choose other free books by Daniel Adams to read onlineMoreLess
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