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1.

EXAMPLES. Basked Chow much his horse cost ; C answered, that if he coft him three times as much as he did, and 15

dollars
more,

he would stand him in 300 dollars ; what was the price of the horse ? dols.

dols, Suppose he cost 90 Suppose he cost 96 3

3

270

288 15

15 285 too little by 15 dols. 303 too much by 3 dols. 90

15.

X

96

3+

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2.

;

300 proof. Two persons, A and B, have both the same income ; A saves one-fifth of his yearly ; but B, by spending 150 dollars per annum more than A, at the end of 8 years finds himself 400 dollars in debt what is their income, and what does each spend per annum ?

Ans. Their income is goo dollars per annum ; also A spends 400, and B

550
dollars

per annum. 3. There is a Ssh whose head is 9 inches long, and his tail is as long as his head and half his body, and his body is as long as the head and tail ; what is the whole length of the fish ? Anf. 6 feet. 4. Divide

15 into two such parts, so that when the greater is multiplied by 4, and the less by 16, the products will be equal.

Ans.

12 and 3: 5. A man had two silver cups of unequal weight, having one cover to both, 5 02. ; now if if the cover is put on the less сир

it will be double the weight of the greater cup, and put on the greater cup it will be three times as heavy as the less cup: what is the weight of each

cup
?

Ant. 3 oz. less—4 oz. greater. 6. A person being asked, in the afternoon, what o'clock it was, answered that the time past from noon was equal to its of the time to midnight ; required the time? Ans. 36 minutes past one.

E X CH A N G E.

Exchange is the paying of money in one place or country, for the like value to be received in another place or country.

There are two kinds of money, viz. Real, and Imaginary.

Real money is a piece of metal coined by the authority of the State, and current at a certain price, by virtue of the fạid authority, or of its own intrinsic value.

Imaginary money is a denomination used to express a sum of money of which there is no real species, as a livre in France, a pound in America, because there is no species current, in this or that country, precisely of the value of either of the fums.

Par of Exchange is the intrinsic value of the money of one country compared with that of another country, as one pound sterling is equal to thirty-five shillings Flemish.

Course of Exchange is the current or running price of exchange, which is sometimes above, and sometimes below par, varying according to the occurrences of trade, or demand for money. Of this course, there are tables published daily in commercial cities: thus by Lloyd's List, of 38. December, 1799, the course of exchange be. tween Harnburgh and London, was 325. 6.d. Flemish, per pound sterling, being 25. 5įd. under par, or loss to London.

GREAT BRITAIN.

The money of account is pounds, shillings, pence, and farthings.
The English Guinea is 2 i shillings Sterling.
Weights and measures generally as in the United States.

To change Sterling to Federal money. RULE. Annex three cyphers to the sum (if pounds only) and multiply it by 4; this product divide by 9, and you have the an. fwer in cents. If there be shillings, &c. the usual method is to reduce it to Massachusetts money, by adding one third to it, and then reduce this sum to Federal,

EXAMPLES. 1. Change £ .48 Sterling to Federal,

48000

4

9) 192000

21333} cts.

Ans. 213 dols. 331 cts.

2. Change £ -389 17.41 Sterl. to Federal, exchange at 33} per cent, that is, t.133; Massachusetts for £.100 Sterling.

3)389 17 41 Sterling.

129 19 11 Exchange.

519 16 6 Maff.

13)519,825

Cts. 173275 Federal, Ans. 1732 dols. 75 cts. Note. Sterling is changed to Massachusetts money by adding one-third to the fum, and Massachusetts to Sterling by deducting one-fourth from it.

To change Federal Currency to Sterling.
RULE. Work by either of the following methods.

EXAMPLES

.

Change 1732 dols. 75 cts, to Sterling.
First Method.

Second Method.
1732

1732,75

,3
48.
6d.

5191825
50 cents
3

20
25
11

161500
Ans. £ -389 17 41

346 8

8

43 6

2

1

I2

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1.

What is the Federal amount of an invoice of goods, charged at £.196 14 6 Sterl. advancing on it 25 per cent. ?

25 $)196 14 6 Sterling.

49 3 71 Advance,

245 18 i Exchange at 33 per cent. 81 19 41

£-327 17 6 Mai.

3)327875

cts. 1992915 Ans. 1092 dols. 91 cts. 2. The Sterling cost of certain goods being £.60 12 6, what does it amount to in Massachusetts money, advancing on it 50 per ct. ?

60 12 6 50 per cent. advance 30 6 3

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Mass. money.

Anf. £.J2I 50 The mercantile method, with 50 per cent. advance, is to double the Sterling for Massachusetts money ; thus,

60 126 Sterl.

2

£.121 50 Maff. as above. 3.

An invoice of goods, charged at £.52 19 7 sterling, is sold at 75 per cent. advance on the sterling cost, how much is it in Maffachusetts money?

52 19 7 Advance at 50

26 9 91 25

13 4 103

1

92 14 31 Exchange at 33 } per cent. 30 18

Ans. £.123 12 4Massachusetts money. The mercantile method, with 75 per cent. advance, is to multiply the sterling by 2į for Massachuletts money. Thus, 52 19 7 sterling

2!

2

2
4

105 19

17 13
£.123 12 41 Massachusetts money, as above.

4. The sterling cost of certain goods being £.214 11 6, hoe much is it in Federal money, advancing thereon 60

per cent. ?

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12

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5. A merchant in Boston receives a parcel of goods from Lon. don, charged in the invoice at the following prices, and marks them for sale at 60 per cent. advance on the Sterling cost; required the selling price of each in Massachusetts money. d.

d. 13 8 Sterling, adv. 60 per ct. 29 lj Maff. money, or 4 85 3 *5 10

51

7 3 3 4

7

1 18 3 6 1 11

13

2 17 6 17

36

6

4 33

70

Il 75 6

41
40
23 52

3 91
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4 11

82 3
68
9

II 466
59

9
86

3

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2

18 10

2

669 4

11

2

32 3 27 9

2

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