Question

ack King pays a $496.00 premium annually. This represents 40% of the total premium. The rest of the premium is paid by his employer. Calculate: a. the company's percentage b. the total premium c. the company's payment

Answer 1

He pays 40%.

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Find Company's share :
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100% - 40% = 60%

(a) The company pays 60% of the premium.


He pays $496. 
He pays 40% of the total premium.

40% = 496

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Find 1% :
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1% = 496 ÷ 40
1% = 12.4

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Find 100% :
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100% = 12.4 x 100
100% = $1240

(b) The total premium is $1240.


$1240 - $496 = $744

(c) The company pays $744.