DISCOUNT 



1803 



DISCUS 



the bank discounts it at 8%. Find the proceeds 

 and bank discount. 



The day of maturity is three months after May 

 5, or August 5, 1916. 



The amount of the note ( principal + interest) 

 on August 5, 1916, = the amount of $450 for 3 

 months at 6%. 



Interest on $450 for 3 months ( % year) at 6% 

 = $6.75. 



$450 + $6.75 = $456.75, amount. 



Time to run = number of days between July 1 

 and August 5 = 31 days + 5 days or 36 days, or 

 term of discount. 



Discount = interest on $456.75 for 36 days at 

 8%. 



Interest on $1 for 36 days at 6% = $.006 ; at 8% 

 it is $.008. Interest on $456. 75 = 456. 75X $.008 = 

 $3.65. 



Proceeds = $456.75 $3. 65 = $453. 10. 



Therefore B receives $453.10 on July 1, and the 

 bank collects $456.75 on August 5, the date of 

 maturity. In this case the bank computes the 

 discount on the face of the note plus the interest. 



Trade Discount, used generally by manufac- 

 turers and wholesale merchants, is the deduc- 

 tion of a percentage from the list price of 

 merchandise. Merchants frequently offer a dis- 

 count if goods purchased on credit are paid for 

 before the debt becomes due, or a deduction 

 may be made for cash payment. Moreover, 

 after price lists are issued the market value of 

 commodities may fall, necessitating changes in 

 prices from day to day. 



The price given in the price list is called the 

 list price, and the list price, less the discount, 

 is known as the net price. When two or more 

 discounts are allowed, the first discount is de- 

 ducted, the second is computed on the re- 

 mainder and deducted from it, and so on. 



Applications. (1) If a school board purchases 

 books at 25% off for cash, what is paid for books 

 listed at $100? 



100% 25% = 75%. 75% of $100 = $75, net 

 price; or 25% of $100 = $25, discount. $100 $25 

 = $75. 



(2) At what price must a merchant mark 

 goods costing $100 so that he may allow a dis- 

 count of 20% from the marked price and still 

 gain 10%? 



Since he gains 10%, his selling price is 110% 

 of the cost. The selling price is also 20% less 

 than the marked price, or 80% of it. 110% of 

 $100 = $110, selling price. 



$110 = 80% of the marked price. 



l% = i/&o of $110 = $13.75. 100%, the marked 

 price, = 100x $13.75 = $137.50, the price at which 

 the goods must be marked. 



(3) Goods listed at $180 are sold at discounts 

 of 10% and 5%. What is the net price to be 

 paid? 



100% = list price. 100% 10% = 90%. 

 90%=new list price. 5% of 10% = 4. 5%. 

 90% 4.5% = 85.5%, selling price. 

 85.5% of $180 = $153. 90, net price. B.M.W. 



DIS'CUS, THROWING THE, an athletic exer- 

 cise regarded by the ancient Greeks as one 

 of the important tests of an athlete. The dis- 

 cus was a round plate of metal or stone, twelve 

 inches in diameter, weighing four pounds 

 seven ounces. 

 The athlete 

 stood in a 

 marked space 

 nine feet square 

 and cast the dis- 

 cus somewhat 

 as a modern 

 quoit is thrown. 

 One of the most 

 remarkable stat- 

 ues in the world 

 is that of the Dis- 

 cobolus, or Dis- 

 cus Thrower, 

 made in bronze 

 by the Athenian 



sculptor Myron, 

 in the fifth cen- 

 tury B. c. 



THE DISCOBOLUS 

 After the statue of Myron. 

 The The discus thrower is shown 

 at the moment of highest ten- 

 athlete IS seen sion and, at the same time, 

 with every muscle the nt otrest. 

 tense, just as he ^-**d 

 is about to hurl 

 the discus. This 

 statue has been 

 extensively cop- THE MODERN DISCUS 

 ied, one of the finest examples in marble now 

 being in the Vatican at Rome. 



Modern Discus-Throwing. When the Olym- 

 pic Games were revived at Athens in 1896, 

 contests in discus-throwing were introduced, 

 and from that time the sport has been popular, 

 both in Europe and in America. The modern 

 discus, to conform to official regulations, must 

 be of hardwood and must weigh four and one- 

 half pounds. It is eight inches in diameter and 

 two inches thick at the center, and is bound 

 around with a ring of steel. Discus-throwing 

 appeals to a far larger number of young ath- 

 letes than does shot putting or throwing the 

 fifty-six-pound weight, for the muscular strain 

 required is much less. Proficiency is a question 

 of "knack" rather than of great strength. 



The discus thrower stands in a seven-foot 

 circle, outside of which he is not allowed to 

 step. The discus lies flat against the palm of 

 his hand, and is merely held lightly in place 

 and not grasped with the fingers. After a few 

 preliminary swings and a rapid turn of the 

 body the thrower releases his hold and the 



