Higher Arithmetic

Cover Higher Arithmetic
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A man bought stock at 134J, brokerage ^ %, and sold in 14 months at 129^, brokerage | %, after having received an 8% dividend. Compare his dividend, after having de- ducted his loss in selling, with interest on the investment at 6%.
21. A man has 200 shares of stock paying a 10 % dividend which he can sell at 198, brokerage J%. By how much will his income be increased or decreased if he sells his stock and loans the money at 5|^ % ?
22. A man is offered $10,250 for a house which he is rent- ing
... for $95 per month. If taxes, insurance, and upkeep PERCENTAGE AND ITS APPLICATIONS 281 amount to f 285 per year, by how much will his net income be changed by selling and investing in non-taxable 4^ % bonds at 102|-, no brokerage ?
23. If you insure your property valued at $9000 for but •$5000 after accepting an 80 % co-insurance clause as a part of the contra.ct, how much will you collect in case of a $2500 loss ?
24. Property worth 130,000 is insured in 4 companies for $4000 in each, no co-insurance.


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