A SIMPLE PERCENTAGE PROBLEM
A capitalist- having a certain sum of money to invest made a scries of four separato 'and successive speculations by putting ; the .whole of -tlio. available money . iiitp- 'bach investment. .Atv tho finish the sum he'had was twelve thousand seven hundred and fifty-one pounds four shillings ,(£12,751 4s), and the problem is to find with the following particulars.how much he had originally. In the first venture he made 5 per cent, on his outlay, tho whole of the money being'then invested in another concern which showed a profit of 10 per cent. In the third venture the whole of the'; money was speculated as before, and .this .time his" profits were 15 per cent.; the final- investment in which all the money was again placed giving him a gain-of lO^per. cent. What sum did.-, lie■■;have at first? It should be noted ".that .the '-'whole of ■ the money" includes air profits in hand when making an investment.
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https://paperspast.natlib.govt.nz/newspapers/EP19300301.2.186.3
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Evening Post, Volume CIX, Issue 51, 1 March 1930, Page 29
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160A SIMPLE PERCENTAGE PROBLEM Evening Post, Volume CIX, Issue 51, 1 March 1930, Page 29
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