EXERCISES. Ex. 3. Find the net weight of 4 casks of Salep, weighing Gross cwt. 28 0 26, real Tare 4 1 5, Draft 4 lb. per cask. Ex. 4. Find the net weight in lb. of ten bales of Surat Cotton, weighing Gross cwt. 30 2 15, Tare 19 lb. per bale, and Draft 1 lb. per bale. Ex. 5. Find the net weight of 10 bags of British Plantation Coffee, weighing Gross cwt. 13 3 11, Tare 2 lb. per bag, Draft 2 lb. per bag. CASE 3. When the Tare is a given rate per cwt. or per cent. Rule. Take parts for the rate out of 112 lb. or out of 100 lb., and when Draft is also allowed, first deduct the Draft, and calculate for the Tare upon the remainder. EXAMPLE. To find the net weight of 2 gourds of Barbadoes Aloes, weighing Gross cwt. 1 1 0, Tare and Draft 7 lb. per cwt. Ex. 6. Find the net weight of 10 bales of Cotton Wool, weighing Gross cwt. 18 1 22, Draft 1 lb. per bale, Tare 4 lb. per cwt., and reduce the net weight into lb. Ex. 7. Find the net weight of 5 casks of Soap Tallow, weighing Gross cwt. 47 1 22, Draft 2 lb. per cask, Tare 12 lb. per cwt. Ex. 8. Find the net weight in lb. of 4 bales of Senna, weighing Gross cwt. 23 1 12, Draft 4 lb. per bale, Tare 6 lb. per cent. CASE 4. When Tret is allowed. Rule. Reduce the Suttle weight in cwt. into lb., and divide by 26 for the Tret. EXAMPLE. To find the net weight of 1 chest of Bark, weighing Gross cwt. 2 0 12, Tare 22 lb., Draft 2 lb. Dust 3 per cent., and Tret 4 lb. per 104 lb. Tare 22 lb. cwt. qrs. lb. 212 lb. Dust 6 206 Suttle. Tret 8 198 Net. EXERCISES. Ex. 9. Find the net weight of 1 iron bottle of Quicksilver, weighing Gross cwt. 0 3 21, Tare and Draft 21 lb., Tret 4 lb. per 104 lb. Ex. 10. Find the net weight in lb. of 30 bags of Pimento, weighing Gross cwt. 24 2 2, Draft 1 lb. per bag, Tare 4 lb. per cwt., Tret 4 lb. per 104 lb. Ex. 11. Find the net weight in cwt. of 1 cask of Roman Vitriol, weighing Gross cwt. 3 1 24, Tare 50 lb., Draft 4 lb., Tret 4 lb. per 104 lb. ?* PROMISCUOUS EXERCISES. Ex. 12. Find the net weight in lb. of 10 hhds. of Maryland Tobacco, weighing Gross cwt. 87 3 23, Draft 4 lb. per hhd., Shrinkage 15 lb. per hhd., Tret 4 lb. per 104 lb. Ex. 13. Find the net weight of 2 chests of Italian Juice, weighing Gross cwt. 3 3 25, Tare 3 qr. 8 lb., Draft 2 lb. per chest, Allowance. for leaves 6 lb. per cwt. * In this Exercise, the Suttle is not to be reduced into pounds. See the note, page 84. Ex. 14. Find the net weight in lb., and the number of gallons, at 9 lb. per gallon, of 25 jars of Salad Oil, weighing Gross cwt. 65 1 18 deducting 1-3rd of the whole weight for the weight of the jars, and 1-7th of the remainder for foot or sediment. Ex. 15. Find the net weight in lb., and the number of barrels of 31 gallons, at the rate of 9 lb. per gallon, in 10 barrels of American Pitch, weighing Gross cwt. 34 0 17 Tare 56 lb. per barrel. Ex. 16. Find the net weight and the value at £275 per ton, of 7 bags of Orchilla Weed, weighing Gross cwt. 17 2 2, Draft 1 lb. per bag, Tare 4 lb. per cwt., and allowance for Damages qr. 22 lb. 1 Ex. 17. Find the net weight and the value at 21 d. per lb. of 60 bottles of Quicksilver, weighing as follows: 10 Bottles cwt. 8 0 25 10 10 10 10 10 Draft 1 lb. each. Ex. 18. Find the net weight and value of 4 lots of Sapan Wood, at £ 29 per ton. Lot 1. cwt. 60 0 18 COMMISSION AND BROKERAGE. Commission and Brokerage are charges made by Agents and Brokers, for their skill and trouble in executing the business intrusted to their management. A Del-Credere Commission is a charge made for insuring the responsibility of the parties to whom credit is given by the Agent. These charges are usually per centages upon the amount of the goods. When there is a Discount, the Brokerage is usually charged upon the full amount, and the Commission upon the net amount, after the Discount has been deducted. EXAMPLE. To find the amount of the Commission at 2 per cent., and the Brokerage a 1 per cent., upon the amount of 30 hhds. of Sugar weighing Gross cwt. 452 2 19, Tare and Draft cwt. 44 3 22; sold at Public Sale, at 54 s. 6 d. per cwt. Net, with a Discount of 21 per cent. EXERCISES. Ex. 1. What is the Commission upon £ 845 16 7 at 10 per cent.? Ex. 2. What is the Commission upon £ 2462 10 0 at 5 per cent.? Ex. 3. What is the Commission upon £ 737 12 cent. ? Ex. 4. What is the Commission upon £ 459 19 6 at 2 per 10 at 1 per per cent.? per cent.? cent.? per cent.? Ex. 5. What is the Brokerage upon £1300 0 0 at Ex. 6. What is the Brokerage upon £ 464 3 6 at 4 Ex. 7. What is the Brokerage upon £ 1472 12 8 at Ex. 8. What is the Brokerage upon £ 3100 0 0 at Ex. 9. What is the Commission at 2 per cent. to be charged by an Agent, upon the following amounts of Goods and Charges; viz. Goods £ 867 14 10; Shipping Charges £ 17 14 6; Charges of Insurance £ 18 14 6? per cent.? Ex. 10. What is the amount to be paid for 5 puncheons of Rum, containing 503 gallons, at 2 s. 9 d. per gallon; including Brokerage at 5 s. per puncheon? Ex. 11. What is the amount of the Commission at 2 per cent. and the Brokerage at per cent., for selling 20 hhds. of Sugar, weighing Gross cwt. 310 1 10, Tare and Draft cwt. 30 0 17, at 64 s. per cwt.? Ex. 12. What am I to pay a Broker at per cent., for buying upon my account at the East India Company's Sales 3 chests of Indigo, viz. 9. Amount 16 Selling Price 8 s. 7 d. per lb. Ex. 5. £ 6 10 0 6. £ 1 3 3 7. £ 1 16 10 8. £ 3 2 0 10. Amount 11. Net cwt. 280 0 £ 69 3 £ 904 3 10... Commission £ 22 12 1 3... Commission £1 5 0 4... Brokerage £ 4 9 8 |