Answer:
The company pays $3720 of John's premium annually.
Step-by-step explanation:
given that 2480 is 40% of a while, we can set up the following relationship/ratio:
2480/x = 40/100
2480 x 100 = 40x
solve for x
248000/40 = x
x = 6200
the total cost of John's annual insurance premium is $6200
but we're looking for the amount that his employer pays which is
6200 - 2480 = y
y = 3720
Answer:
$3,720
Step-by-step explanation:
If John pays 40% of the total insurance premium and the rest is paid by his employer, this means that his employer pays 60% of the premium.
To find the amount paid by John's employer, we can set up a proportion of premium to percentage.
Let x be the amount his employer pays. John pays $2,480 which represents 40% of the premium. Therefore:
[tex]\dfrac{2480}{40\%}=\dfrac{x}{60\%}\\\\\\\\\dfrac{2480}{0.4}=\dfrac{x}{0.6}[/tex]
Solve for x by multiplying both sides of the equation by 0.6:
[tex]x=\dfrac{2480}{0.4}\cdot 0.6\\\\\\\\x=\dfrac{1488}{0.4}\\\\\\\\x=3720[/tex]
Therefore, the company pays a total of $3,720 of John's premium annually.
