Complete Arithmetic

Cover Complete Arithmetic
Complete Arithmetic
Bruce M Bruce Mervellon Watson
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The principal exception to this rule is brokerage for buy- ing and selling stocks and bonds, which will be treated later.
286. A quantity of goods delivered to a commission merchant to be sold is called a consignment.
287. The party sending a consignment of goods to be sold by a commission merchant is the consignor. v 288. The party to whom a consignment of goods is delivered for sale is the consignee.
289. The sum received from the sale of goods^ after all expenses^ such as commission^ freight
...^ and cartage^ have been deducted^ is called tlie net proceeds of the sale.
290. 77ie party who employs an agent is called the principal.
291. Oral 1. A college student sold 200 books at f 3 apiece during a summer vacation. What was his commission, at 40 % ?
COMMISSION 201 2. A real estate agent received $ 80 for selling a house. His commission was 2 %. What was the selling price of the house?
Statement of Relation: 2% of =*80.
Which term of relation is to be found?
3. A lawyer received $30 for collecting $200.


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