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13 April, 08:58

Harold Wagner pays a $325.00 premium annually. This represents 40% of the total premium. The rest of the premium is paid by his employer. Calculate: a. the company's percentage a0% b. the total premium $ a1 c. the company's payment $ a2

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  1. 13 April, 09:08
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    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
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