Question

John Maynord pays a $566.00 annual insurance premium. This represents 40% of the total premium. The rest of the premium is paid by his employer. Calculate:
. the company's percentage
. the total premium
. the company's payment

Answer 1

60%
$1415
$849
Hope this helps

Answer 2

Answer:

A. 60%

B. $1415

C. $849.

Step-by-step explanation:

We have been given that  John Maynord pays a $566.00 annual insurance premium. This represents 40% of the total premium. The rest of the premium is paid by his employer.

A. Since John pays 40% of his premium and rest of the premium is paid by his employer. This means that his employer pays 60% (100-40) of the premium, therefore, the company's percentage will be 60%.

B. Let x be the total amount of the premium.

As 40% of the premium is $566, so we need to find x such that 40% of x is $566.

We can represent this information in an equation as:

$\frac{40}{100}*x=\ 566$

$0.40*x=\ 566$

$\frac{0.40*x}{0.40}=\frac{\ 566}{0.40}$

$x=\ 1415$

Therefore, the total amount of premium is $1415.

C. As company pays 60% of premium, so to find the company's payment we will find 60% of $1415.

$\text{The company's payment}=\frac{60}{100}*\ 1415$

$\text{The company's payment}=0.60*\ 1415$

$\text{The company's payment}=\ 849$

Therefore, the company's payment is $849.