59 



amount of milk delivered by each patron, expressed in hundreds of 

 pounds and dociinals of a hundred. Tliis (]^ives the total amount of fat 

 in the milk delivered by each patron during the dividend period. 

 The following table illustrates this calculation: 



Illustration of method of calculating milk fat delivered hy patrons. 



Rule, step 2. To find the net value of 1. pound of milk fat: Divide 

 the total net receipts by the total number of pounds of milk fat deliv- 

 ered by all the patrons during the dividend period. Example: From 

 the amount of milk delivered by patrons, as previously given, there 

 have been made, say. 452 pounds, which realizes 9 cents a pound after 

 deducting all expenses. This will leave S4().68 to distribute among the 

 patrons. We now divide $40.68 by 173.68, the total poimds of fat 

 delivered by all patrons during the dividend period, and we have 23.42 

 cents as the net amoimt of money received from cheese for each pound 

 of milk fat delivered. 



Rule, step 3. To find the amount of dividend due each patron: Mul- 

 tiply together the number representing the pounds of milk fat fur- 

 nished by each patron and the net price received for each pound of 

 milk fat. In this case the net price received for each pound of milk 

 fat is 23.42 cents, and we multiply by this the number of pounds of 

 fat delivered by each patron. Example : 



10. Examples for practice — 



(1) A has 20 cows, which give each 30 pounds of milk a day, testing 

 4i per cent of fat. B has 30 cows, each giving 25 pounds of milk a day, 

 testing 3^ per cent of fat. (a) Which herd produces more milk fat per 

 week, and how much ? (b) If there is made daily from the milk of these 



