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An Intellectual Arithmetic; Upon the Inductive Method

An Intellectual Arithmetic; Upon the Inductive Method


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: Solution. The sum to be expended is j(Jj) of itself, and the commission is TT of the same sum; hence the sum sent to the agent is ]g or f of the sum expended. $42 is f ?. of $40; therefore, etc. 32. A man sends his agent in Oregon $515, from, which he is to take a commission and invest the balance in land; the commission being 3 per cent, on the purchase, what sum was invested in land ? 3. If 12 per cent, is gained by selling hay at $18 per ton, what did it cost ? 34. If IGf per cent, is lost by selling a watch for $40, what did it cost ? 35. An agent retained a commission of 12 per cent, for collecting money, and paid $56 over to his employer; what sum did he collect ? Solution. Since 12 per cent, or of the sum collected was retained by the agent, the $5 ? paid 'over was ] of the sum collected. $56 is J of $64; therefore, etc. 36. A farmer engaged a laborer to thresh his-wheat, agreeing to give him 10 per cent, of all he threshed; how many bushels must he thresh that the farmer may keep 54 bushels ? 37. If it requires $125 in paper currency to buy $100 in gold, how much gold may be bought for $100 in paper currency ? Note. When it takes more than $100 in bank bills, government bonds, or other paper currency, to buy $100 in gold, gold is said to be at a premium if the paper currency is taken as the standard of value, and the paper currency is said to be at a discount if gold is taken as the standard; 38. If it takes $150 in paper currency to buy $100 in gold, what is the per cent, of discount on the paper ? Solution. The paper is worth ]f!$ = as much as gold; therefore the discount on the paper is =33J per cent, of its nominal value. 39. If it takes $166 of paper to buy $100 in gold, at what per cent, of premium is gold, pap...


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Product Details
  • ISBN-13: 9780217774628
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 26
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 0217774628
  • Publisher Date: 06 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 68 gr

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