Ack king pays a $496.00 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 b. the total premium c. the company's payment

He pays 40%.


Find Company's share :

100% - 40% = 60%

(a) The company pays 60% of the premium.

He pays $496. 
He pays 40% of the total premium.

40% = 496


Find 1% :

1% = 496 ÷ 40
1% = 12.4


Find 100% :

100% = 12.4 x 100
100% = $1240

(b) The total premium is $1240.

$1240 - $496 = $744

(c) The company pays $744.