Answered

John Maynord pays a $566.00 annual insurance premium. This represents 40% of the total premium. The rest of the premium is paid by his employer. Calculate:

. the company's percentage

. the total premium

. the company's payment

Verified Answer :

60%
$1415
$849
Hope this helps

Answer:

A. 60%

B. $1415

C. $849.

Step-by-step explanation:

We have been given that  John Maynord pays a $566.00 annual insurance premium. This represents 40% of the total premium. The rest of the premium is paid by his employer.

A. Since John pays 40% of his premium and rest of the premium is paid by his employer. This means that his employer pays 60% (100-40) of the premium, therefore, the company's percentage will be 60%.

B. Let x be the total amount of the premium.

As 40% of the premium is $566, so we need to find x such that 40% of x is $566.

We can represent this information in an equation as:

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Therefore, the total amount of premium is $1415.

C. As company pays 60% of premium, so to find the company's payment we will find 60% of $1415.

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Therefore, the company's payment is $849.