We often read of two or more discounts. A store keeper buys a bill
of goods for $350 and is granted 20% and 5% from the selling
price.

This does not mean a discount of 25% as the uninitiated might
think. The 20% is deducted from the $350, that is, $70, leaving
$280. Then the 5%, $14, is deducted from this, leaving $260.

Partial payments are not endorsed on the bill. The receipt is
written on a separate piece of paper. It differs from the usual
receipt in that the one is "in full payment" and the other "on
account."

Receipt no bill before it is actually paid.

Some one has translated the letters "C. O. D." into "Come omejitly
Down." The Collect on Delivery usually accompanies goods sent by
express.

FORMS OF RECEIPTS

A receipt for a partial payment:

Leavenworth, Kansas.
December 7, 1910.
$75.00
Received from Charles Long seventy-five
dollars on account.
Henry S. Somers.