Milne's New York State Arithmetic Volume 2

Milne's New York State Arithmetic Volume 2

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ...the face of the draft? 18. What were the net proceeds of a draft for $1500 at 60 days' sight, if it was accepted Mar. 20 and discounted Mar. 23, at 4 %, and there was an additional charge of 75/ for collection? 19. M. Clay of Charleston sold 200 bbl. tar @ $2.80 and 250 bbl. D resin @ $3.05 to Hines & Co., New York. Hines & Co. remitted with the order a sight draft for $275 on Colfax & Son, Charleston, and authorized M. Clay to draw at 60 days' sight for the balance. Write both drafts, supplying dates. 20. A wholesale dealer sold goods listed at $670.50, discounts 33%, 5%, and drew on the buyer at 60 days' sight. The draft was discounted for 66 days at 6 $, and % of the face of the draft was charged for exchange. Find the net proceeds. 21. A merchant in Minneapolis sold a New York firm 800 bbl. of flour (3) $3.25 on the cars at Minneapolis, terms 60 days' sight draft. On receiving the New York firm's acceptance, he discounted it at the bank for 66 days, at 6%, and was charged 15/ per $1000 of the face of the acceptance for exchange. Find the net proceeds. 22. Express companies and the U. S. subtreasury charge 75/ per $1000 to transfer money from New York to New Orleans, 50/ to St. Louis, Chicago, and the West, and 25/ to near-by Eastern cities. One week in October when money was in demand for moving the crops, New York banks transferred through these agencies $3,142,000 to New Orleans and the South, $7,495,000 to St. Louis, $3,280,000 to Chicago and the West, and $3,746,000 to near-by Eastern cities. What was the total cost of the week's exchange? RATIO AND PROPORTION RATIO The relation of one number to another of the same kind, expressed by the quotient of the first divided by the second, is the ratio of the first number more

Product details

  • Paperback | 106 pages
  • 189 x 246 x 6mm | 204g
  • United States
  • English
  • black & white illustrations
  • 1236882601
  • 9781236882608