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Kitty [74]
3 years ago
11

Jack King pays a $496.00 premium annually. This represents 40% of the total premium. The rest of the premium is paid by his empl

oyer. Calculate: A. the company's percentage B. the total premium C. the company's payment
Mathematics
1 answer:
ser-zykov [4K]3 years ago
7 0

A.

Since Jack King pays 40% of the annual premium and REST is paid by the company, <em>100%-40%=60%</em> is paid by the company.

B.

Let the total premium be T. We can set up an equation from the information given. We know 496 is 40% of the total. So we can write:

496=0.4 T. Solving for total, T, gives us,

\frac{496}{0.4} =1240. So the total premium (paid by Jack and the company) is $1240.

C.

Since 1240 is the total and Jack pays only 496, the REST is paid by the company.

Company's payment = 1240-496=744 dollars.


ANSWER:

A. 60%

B. $1240

C. $744


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