Answer:
a) 60%
b) $1240
c) $744
Step-by-step explanation:
a. the company's percentage %
If Jack pays 40%, the company pays the other 60%
b. the total premium $
Jack payment is 40% of the total. 40% of the total is 496. So:
[tex]0.4x = 496[/tex]
[tex]x = \frac{496}{0.4}[/tex]
[tex]x = 1240[/tex]
The total premium is $1240.
c. the company's payment $
The company payment is 60% of 1240. So 0.6*1240 = 744.
