Answer:
a). The company's percentage=60%
b). The total premium=$812.50
c). The company's payment=$487.50
Step-by-step explanation:
a).
The total premium can be expressed as;
T=H+R
where;
T=proportion of total premium
H=proportion paid by Harold Wagner
R=remaining proportion
In our case;
T=100%
H=40%
R=r
replacing;
100%=40%+r
r=100%-40%
r=60%
The company's percentage=60%
b).
The total premium, if 40%=$325.00
Let total premium be=t
40% of t=325
(40/100)×t=325
0.4 t=325
t=325/0.4
t=$812.50
The total premium=$812.50
c).
The company's payment=60% of total premium
The company's payment=(60/100)×812.5
The company's payment=$487.50
Attached solutions and work.
Answer:
£ 631
Step-by-step explanation:
Hi this is a simple mathematics issue.
First, let's imagine what is 3%. '3 percents' means 3/100. If your family have 100 apples and you have 3 apples, that means you have 3% of your family apples.
Now, get back to this problem. We need to find the price before increase. Let's say the price was £ X. Now we will find the X number.
It's said that the price was increased by 3%. That means they took 3% of X and added that amount to X to have the new price : £ 650. That means we have this equation :
650 = X + 3%×X
Let's make it easier to look :
650 = X + 3/100 ×X
650 = X×( 1+ 3/100)
= X × 103/100
So we can see 650 is equaled to X multipled by 103/100.
To find the correct answer, simply divide 650 by 103/100.
*A hint: When you divide a number by a fraction, you can simply put the number multiplied by the "flipped" fraction .
Hope you learn with Joy and High Grades !!!
