Question

A company pays 75 percent of each employee's medical care premium. If the employee portion is $50 per month and there are 100 employees total, how much does the company pay each month for employee medical benefits?

Answer 1

So 50x100=$500 for all the employees

Answer 2

Answer: $ 15000

Explanation:

Here, company pays 75 percent of each employee's medical care premium.

Therefore, company pays the total 75 % in total medical benefits,

Since, the employee portion is $50 per month

And there are employs = 100.

Thus, the total amount paid by the employees = 100 × 50 = $ 5000

25 % of the total medical benefits = 5000

Thus the total medical benefits =
`(5000* 100)/(25) = $20000`

Thus, the amount paid by the company = 75 % of 20000

=
`(20000* 75)/(100)`

=
`(1500000)/(100)`

= $ 15000