# The Pupils' Arithmetic Volume 3

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## Description

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. 1913 edition. Excerpt: ...to those who buy in large quantities than to those who buy in small quantities; it also enables them to increase or decrease their rates of discount when prices change, without reprinting their catalogue. Frequently two or more discounts are allowed. Automobiles may be listed at \$ 1500, with discounts of 20% and 5%. This does not mean a discount of 25 %; it means a discount of 20 % on \$ 1500, or \$ 300, making the price \$ 1200; and a further discount of 5 % on \$ 1200 or \$ 60, making the net cost of the automobile \$ 1140. Discounts are also given for payment before a bill is due. Usually a man who buys goods from one with whom he deals frequently is allowed 30 da. in which to make payment. If he pays cash, he may be allowed a discount of 5 % or 2 %; if he pays the bill at the end of 10 da., he may be allowed a discount of 1 %. Firms that buy large quantities of goods save considerable money each year by paying their bills promptly; they also obtain an excellent reputation among those with whom they deal. 335. To find the discount and the net price, when the list price and the rates of discount are given One Discount 1. The list price of a piano is \$ 650. The discount is 10 %. Find the discount and the net cost. Process fa of \$ 650 = \$ 65 Discount. Ans. \$ 650-\$ 65 = \$ 585 Net Cost. Or fa of \$650 = \$585 Net Cost. Two Ob More Discounts 2. The list price of a piano is \$ 700. Discounts of 10 % and 2 % are allowed. Find the total discount and the net cost of the piano. Process fa of \$ 700 = \$ 70, Discount at 10 %. \$700-\$70 = \$630 Price after deduction of first discount. \$630.02 \$12.60 Discount at 2%. \$ 630-\$ 12.60 = \$ 617.40 Net Cost. \$700-\$617.40= \$ 82.60 Total Discount. Or Shorter Method AXX \$700= \$617.40. Ans. There is another short method...show more

## Product details

• Paperback | 74 pages
• 189 x 246 x 4mm | 150g
• United States
• English
• black & white illustrations
• 1236882326
• 9781236882325