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7 July, 19:08

Carl Major pays a $390.00 premium annually. This represents 30% of the total premium. The rest of the premium is paid by his employer. Calculate:

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  1. 7 July, 19:29
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    Below are to complete the questions:

    a. the company's percentage=

    b. the total premium=

    c. the company's payment=

    The answer is the below:

    a. There are only to contributions toward the total premium. So, it's trivial to find the company's %.

    100% - individual % = Company %

    b. The total premium can be calculated because you know the 30% amount of the total.

    Total premium x (30%/100) = $390.00

    c. The company's payment is easily calculated once you know the answer to (b).

    Total premium - $390.00 = company's payment
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