Word: cent
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Dates: during 1920-1929
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...office degraded to third-class. Citizens despaired; a third-class post office means no city mail delivery. In Chicago Ben Minturn, onetime Florentine schoolmate of O'Brien, read of his friend's predicament, wrote a letter, enclosed a check for $1,000, ordered $900 in 2 cent stamps, $100 in 5 cent stamps, saved the day. Shrewd Friend Minturn could, of course, exchange his stamps for cash at the nearest post office...
...Pont, gunpowder & chemical tycoon, who attended the convention as a director of Equitable Life Assurance Society, envisioned a great collateral use for these stupendous sums. Said he: let the insurance companies each year contribute one-eighth of one cent of every dollar of their assets to an organization for research in their favorite thing: the prolongation of life. "The funds would finance the greatest organization the world has ever applied to a specific problem," observed Mr. du Pont. The funds would be $20,000,000 yearly, the equivalent of a half-billion-dollar endowment...
Gross margin for mason material dealers in 1928 was 23.2 per cent of sales; total expense, 22.7 per cent; leaving a net profit over and above return on investment of 0.5 per cent, or $.50 for each $100. of sales. Profits of 3 per cent or over were secured by more than one-fifth of the firms...
Companies handling lumber reported a gross margin of 25.8 per cent; total expense of 25.0 per cent; and net profit on sales of 0.8 per cent. Stock-turn was at the rate of 3.1. times a year. Profits of 3.0 per cent or over were shown by one-fourth of them...
...firms selling lumber and mason materials, gross margin was 24.4 per cent: total expense, 22.8 per cent; and net profit, 1.6 per cent. Profits of 3.0 per cent were realized by about one-third of the dealers in this class...