Self-proving Business Arithmetic |
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Page 84
... selling price . Use aliquots whenever possible . Prove by recomputing the results . Compare and correct errors . PROBLEM SELLING PRICE RATE 1234567890 $ 587.50 331 % 2365.40 25 % 195.70 20 % 84.52 30 % 683.75 333 % 104.70 28 % 853.32 ...
... selling price . Use aliquots whenever possible . Prove by recomputing the results . Compare and correct errors . PROBLEM SELLING PRICE RATE 1234567890 $ 587.50 331 % 2365.40 25 % 195.70 20 % 84.52 30 % 683.75 333 % 104.70 28 % 853.32 ...
Page 85
... selling price of different items , obtaining the cost from the invoice and knowing the per cent of mark - up on ... selling price . What should be the selling price ? SOLUTION = Selling Price - Gross Profit Cost , or in this problem ...
... selling price of different items , obtaining the cost from the invoice and knowing the per cent of mark - up on ... selling price . What should be the selling price ? SOLUTION = Selling Price - Gross Profit Cost , or in this problem ...
Page 86
... retail sell- ing price on goods as they are received and make a list showing the cost , the marked price , the mark - up ( the difference between the cost and the marked price ) , and the per cent of mark - up on each bill . PROBLEM .
... retail sell- ing price on goods as they are received and make a list showing the cost , the marked price , the mark - up ( the difference between the cost and the marked price ) , and the per cent of mark - up on each bill . PROBLEM .
Page 92
... cost and the selling price and is therefore a very simple problem . Profit on a series of transactions . - The whole business of a store for a year is a series of different business transac- tions each of which produces a profit or a ...
... cost and the selling price and is therefore a very simple problem . Profit on a series of transactions . - The whole business of a store for a year is a series of different business transac- tions each of which produces a profit or a ...
Page 100
... price for which it is to sell . Sometimes the cost also is marked on the article . In this chapter you will learn ... selling price . The selling price is the amount the merchant receives for the goods . In general , the selling price is ...
... price for which it is to sell . Sometimes the cost also is marked on the article . In this chapter you will learn ... selling price . The selling price is the amount the merchant receives for the goods . In general , the selling price is ...
Common terms and phrases
60 days aliquot amount due amount of $1 annual audit strip bank discount board foot bond broker cancellation cent charges clerk column common fraction compound amount compound interest compute cost deducted district divide dividends exact divisor exact interest EXERCISE expense EXPLANATION find the amount find the interest Find the premium find the total fluid dram fluid ounce gross profit Hence highest common factor improper fractions Interest Period inventory July July 15 LESSON list price Lots mark-up marked price metal roof mixed numbers months net income normal tax number of days paid payment Personal Property preferred stock PRINCIPAL RATE DAYS PROBLEM PRINCIPAL RATE promissory notes purchases RATE DAYS INTEREST Rosedale ruled form salary selling price semiannually shingle roof sold SOLUTION Solve and prove subtract Total days York Stock Exchange
Popular passages
Page 241 - The United States, any state, territory, or any political subdivision thereof, or the District of Columbia, for exclusively public purposes.
Page 236 - ... shall be placed on an annual basis by multiplying the amount thereof by twelve and dividing by the number of months included in the period for which the separate return is made. The tax shall be such part of the tax computed on such annual basis as the number of months in such period is of twelve months.
Page 241 - ... to an amount which in all the above cases combined does not exceed 15 per centum of the taxpayer's net income as computed without the benefit of this subsection.
Page 236 - That there shall be levied, assessed, collected and paid annually upon the entire net income arising or accruing from all sources in the preceding calendar year to every citizen of the United States, whether residing at home or abroad, and to every person residing in the United States, though not a citizen thereof...
Page 239 - ... traveling expenses (including the entire amount expended for meals and lodging) while away from home in the pursuit of a trade or business...
Page 239 - If any tax remains unpaid after the date when it is due, and for ten days after notice and demand by the collector, then, except in the case of estates of insane, deceased, or insolvent persons, there shall be added as part of the tax the sum of 5 per centum on the amount due but unpaid, plus interest at the rate of 1 per centum per month upon such amount from the time it became due: Provided.
Page 240 - A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence.
Page 62 - CUBIC MEASURE 1728 cubic inches (cu. in.) = 1 cubic foot (cu. ft.) 27 cubic feet = 1 cubic yard (cu. yd.) 128 cubic feet = 1 cord (cd...
Page 241 - ... for religious, charitable, scientific, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private stockholder or individual, or to the special fund for vocational rehabilitation authorized by section 7 of the Vocational Rehabilitation Act...
Page 236 - taxable year" means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which the net income is computed under section 212 or 232. The term "fiscal year" means an accounting period of twelve months ending on the last day of any month other than December. The term "taxable year...