1 5. Bought a hhd. of molasses containing -119 gallons, at 52 cts. per gallon; paid for carting the same i dollar 25 cents, and by accident 9 gallons leaked out; at what rate must I sell the remainder per gallon, to gain 13 dollars in the whole ? Ans. 69cts. 2m at II. To know what is gained or lost per cent. RULE. First see what the gain or loss is by subtraction; then As the price cost : is to the gain or loss : : so is 1001. or $100, to the gain or loss per cent. EXAMPLES. 1 1. If I buy Irish linen at 2s. per yard, and sell it again at 23. 8d. per yard; what do I gain per cent. or in laying out 1001. : As : 2s. 8d. : : 1001. : £ss 6s. 8d. Ans. 2. If I buy broadcloth at 3 dols. 44 cts. per yard, and sell it again at 4 dols. 30 cts. per yard; what do I gain per cent. or in laying out 100 dollars ? Scts. & cts. cts. $ $ Ans. 25 per cent. 3. If I buy a cwt. of cotton for 34 dols. 86 cts. and sell it again at 411 cts, per lo. what do I gain or lose, and what $ cts. 1 cwt. at 41) cts. per Ib. comes to 46,48 Prime cost 34,86 Gained in the gross, $11,62 As 34,86 : 11,62 : : 100 : 33] Ans. 33} per cent, 4. Bought sugar at 8 d. per lb. and sold it again at 4l. 17s. per ewt. what did I gain per cent. ? Ans. £25 19s. 5d. 5. If I buy 12 hhds. of wine for 2011. and sell the same again at 141. 17s. 6d. per hhd. do 1 gain or lose, and what per cent. ? Ans. I lose 125 per cent. 8. At 13d. profit in a shilling, how much per cent. ? Ans. £12 10s. per cent. ? 7. At 23 cts. profit in a dollar, how much per cent. ? Ans. 25 per cent. Notv..-When goods are bought or sold on credit. you must calculate (bv discount) tlic present worth of then price, in order to find your time main on lasia, &c. EXALIPLES. 1. Brugli 16+ yards of broadclothi, at 14$. fil. srl. ready money, and solel the same again for 1511. TOs, un 6 months credit; what did I gain by the whole; allow. ing discount at 6 per cent. a year £ £ s. 118 16 prime cost. Gainel &$1 2 Ansirer. 2. If I buy cloth at 4 duls. 16 cts. per yans), or. gnt months credit, and sell it again at S dolx. 90 cts, per yd. ready money, what do I lose per cent. ailowing 6 per cent. discount on the purchase price? Ans. 3 per cert. III. To know how a commodity must be sold, to gaiu or lose so much per cent. RULF. As 100 : is to the purchase price : : so is 1001. or 100 dols. with the profit ailled, in loss subtracted : to the selling price. EXAMPLES 1. If I buy Irish linen at es. Sil. pervard ; how must I sell it per yard to gain 95 per cent. ? As '1001. : 25. d. : : 1231. to 25. 9d. Surs. Ans. 2.!!! I buy Rum at 1 do: 5 cts. per gallon; how must I sei it per jallon to gain 50 per cent? As 8100 : $1,05 : : 81:30 : 81,36 seis, Ans. S. If tea cost 51 cents per Ib.; how mușt it be sold per M. tu lose 1:2 per cent. : As $100 : 54 cts. : : 887, 50 cts. : 47cts. 24in. Aus. 4. Bought cloth 175. 6ii. per yard, which not proving so good as I expected, I am obliged to lose 15 per cent how must I sell it per Karol ? Ans. 145. 101d. 5. If 11 crt. 1 gr. 25 lb. of sugar cost 126 dols. 50 cts. how must it be sold per Ib. to gain 30 per cent. ? ins, 12cts, sm. 6. Bought 90 gallons of wine at I dol. 20 cis.per gall. unit by acindeilt 10 gallons leakerl ont, at what rate must I sell tie remainler per gailos to gain upon the whole prime cost, al ine rate of 12, per cent. i dus. 81, 5lcts. 87'sin £. $. d. S. d. IV. Wiien there is aineid or los! per cent. to know wloat the cominodity cost. RULE. As 1901. or 100 cols. with the gai', per cent. aildcıl, or loss per cerit. subtracted, is to the price; su is 100 to the prime cost. EXAMPI.FS. 1. if a varri of cloth be sold at 148. ill. and there is gained 161. 13s. 4d. per cent.; what did the yard cost? £. As 116 13 4 : 147: : 100 to 12s. 6d. Ans. 2. By selling broadcloth at S dols. 25 cts. per yarıl, 1 ose at the rate of 20 per cent. ; what is the prime cost of saill clothi per yarıl: Ans. $4, 06ets. 24m. S. If 40 lb. of choco.ate be sold at 25 cts. per Ib. and I gain 9per cent.; wliat did the whole cist me? eins. 89, liets. 4o. + 4. Bought 5 cwt. of sugar, and sold it again at 12 cents per ib. by which I gained at the rate of 25 per cent.; what diu the sugar cost me per cwt. ins. 810, Octs. Im.of V. If by wares sold at a given rate there is so much gained or iost per cent. to know what would be gainel per lost per cent, if sold at another rate. RILE. As the first price : is to 8001. or 100 dols. win the profit per cent. added, or loss per cent. subtracted : : No is the otlor price : to the gain or loss per cent. at the other rate. N. B. If your arswer exceed 1001. or 100 foods. the excens i mir yain fer cent. ; but if it be botsis then 14 that deficiency is the low per ceuta EXAMPLES. 1. If I sell cloth at 59. per yd. and thereby gain 15 pez cert. what shall I gain per cent. if I sell it at Øs. per yard? £ £ As 5 : 115 :: 6 : 138 Ans. gained 38 per cent. 2. If I retail rum at 1 dollar 50 cents per gallon and thereby gain 25 per cent. what shall I gain or lose per cent. if I sell it at 1 dol. Scts. per gallon ? & cts. 8 & cts. 8 1,50 : 125 : : 1,08 : 90 Ans. I shall lose 10 per cent. 3. If I sell a cwt. of sugar for 8 dollars, and thereby lose 12 per cent. what shall I gain or lose per cent. if I sell 4 cwt. of the same sugar for 36 dollars i Ans. I lose only 1 per cent. 4. I sold a watch for 171. 1s. 5d. and by so doing lost 15 per cent. whereas I ought in trading to have cleared 20 per cent.; how much was it sold under its real value ? £ s. d. Sold for 17 1 5 £. s. d. £7 0 7 Answer. FELLOWSHIP, Is a rule by which the accompts of several merchants or other persons, trading in partnership, are so adjusted, that each may have his share of the gain, or sustain his share of the loss, in proportion to his share of the joint stock.-Also by this Rule a bankrupt's estate may be di. vided among his creditors, &c. SINGLE FELLOWSHIP, Is when the several shares of stock are continued in trade an equal term of time. RULE. As the whole stock is to the whole gain or loss : so is each man's particular stock, to his particular share of the gain or loss. PROOF.-Add all the particular shares of the gain or loss together, and if it be right, the sum will be equal to the whole gain or loss. EXAMPLES 1. Two partners, A and B, join their stock and buy a quantity of merchandize, to the amount of 820 dollars ; in the purchase of which A laid out 350 dollars, and B 470 dollars; the commodity being sold, they find their clear gain amounts to 250 dollars. What is each person's share of the gain! A put in 350 As 820 : 250 : : 5550 : 106,7073+A's share. 470 : 143,2926+B's share > Proof 249,9999+=8250 2. Three merchants make a joint stock of 12001. Os which A put in 240l. B 360l. and C 6001.; aud by trading they gain 3251. what is each one's part of the gain ? Ans. A's part £, 65, B's £97 10s. C's £162 10s. 3. Three partners, A, B, and C, shipped 108 mules for the West-Indies; of which A owned 48, B 36, and C 24. But in stress of weather, the mariners were obliged to throw 45 of them overboard ; I demand how much of the loss each owner niust sustain ? Ans. A 20, B15, C 10. 4. Four men traded with a stock of 800 dollars, by which they gained 307 dols. A's stock was 140 dols. B's 260 dols. C's 300 dols. I demand D's stock and what each man gained by trading? Ans. D's stock was 8100, and A gained $53, 72cts 576 B 899, 77 cts. C 8115, 12 cts. and D 858, 37fcts. 5. A bankrupt is indebted to A 2111. to B 3001 and to C 3911. and his whole estate amounts only to 675l. 10s. which he gives up to those creditors ; how much must each have in proportion to his debt? Ans. A must have $158 (s. 31d. B FRA 188 ud and C £292 169. ed. |