2198 ARITHMETIC
Find the net price of an article listed at $18.75 if the discounts are 20% and 10%.
List price $18.75 The first discount is 20% of 18.75 = 3.75. Less 20%. 3.75
Remainder 15.00
Less 10% 1.50 The second discount is 10% of 15.00 = 1.50.
Net price 13.50
EXERCISE 36.
1. A dealer sold a piano listed at $500, allowing 30% and 10% off. How much did he receive?
2. Find the net amount of. a bill for $375, subject to discounts of 25% and 10%.
3. An agent buys a machine for $150 at a discount of 30% and 12-J%. He sells it an advance of 5% on the list price. What is his profit?
4. What is the net cost of a bath-tub listed at $150, and sold at a discount of 40% and 10%?
5. The list price of a lot of goods amounts to $575. They are bought subject to the following discounts, 30% 10%, and 5%. What is the net sum paid?
COMMISSION.
Commission or brokerage is the amount paid to an agent for the transaction of business.
The agent is called a broker, collector, or commission merchant.
The net proceeds is the money left after the commission and other charges are paid.
A book agent receives a commission of 40%. What would be his commission on the sale of a set of encyclopedias for $65 ? What would be the net proceeds?
$65
___.40
$26.00 = commission of agent.
$65 — $26 = $39, net proceeds. *
A real estate agent sold a house for $8500 and charged $255 for his commission. What per cent did he charge ?
____.03
8500)255.00 Divide the commission by the selling price to find the
255.00 per cent charged.
