The Pupils' Arithmetic; Bk. VI. Volume 6

The Pupils' Arithmetic; Bk. VI. Volume 6

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 edition. Excerpt: ...$ 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 of $ 650 = $ 65 Discount. Ans. $ 650-$ 65 = $ 585 Net Cost. of $650 = $ 585 Net Cost. Two Or 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 Jj 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 Or Shorter Method xjx$700=$617.40. Ans. There is another short method shown in the following: 3. Find the net cost of a phonograph listed at $ 150, with discounts of 20 % and 5 %. A discount of 20 f0 leaves a net cost of 80 %. A discount of 5 % leaves a net cost of 95 f0. The net cost =.80 x.95 x % 150 = $ 114. Ans. Or x X $ 150 = 114. Ans. $ 150-$ 114 = $ 36 Discount. Ans. Total discount = $ 150-$ 114 = $ 36. Ans. Therefore, the method of finding the discount is similar to the method of finding a per cent of a number (First Type Problem, p. 167). The method of finding the Net Price when one...show more

Product details

  • Paperback | 72 pages
  • 189 x 246 x 4mm | 145g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236565053
  • 9781236565051