ack King pays a $496.00 premium annually. This represents 40% of the total premium. The rest of the premium is paid by his emplo
yer. Calculate: a. the company's percentage b. the total premium c. the company's payment
1 answer:
He pays 40%.
--------------------------------
Find Company's share :
--------------------------------
100% - 40% = 60%
(a) The company pays 60% of the premium.
He pays $496.
He pays 40% of the total premium.
40% = 496
--------------------------------
Find 1% :
--------------------------------
1% = 496 ÷ 40
1% = 12.4
--------------------------------
Find 100% :
--------------------------------
100% = 12.4 x 100
100% = $1240
(b) The total premium is $1240.
$1240 - $496 = $744
(c) The company pays $744.
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