No. 47.—For Mathematicians.

A merchant receives $3 of every $5 owing him on book debts amounting to $15,000 (which debts are five per cent. more than his liabilities), and $3.75 of every $5 on $6000 of running debts his due. Find his liabilities if he pays dollar for dollar.


No. 48.—Word Square.

1.

Three musketeers of art, and this is one.
You'll spot him if you've seen "Trilby" done.