Question

Carlos Riviera earns $6,478.00 a week working as a mechanic at the local auto dealership. His group health insurance premiums cost $3,254.00 per year. If the company pays 70 percent of the premium cost, what percentage of the premium cost is paid by Carlos?

A) 30%
B) 70%
C) 100%
D) 50%

Answer 1

Carlos pays 30% of the premium cost. The correct answer is A) 30%.

Step-by-step explanation:

To find out what percentage of the premium cost is paid by Carlos, we first need to calculate the amount paid by the company. We know that the company pays 70% of the premium cost, which is $3,254.00 per year.

Therefore, the amount paid by the company is 70% of $3,254.00, which is $2,277.80.

Next, we need to calculate the amount paid by Carlos. Since the premium cost is $3,254.00 and the company pays 70%, Carlos has to pay the remaining 30%.

This can be calculated by subtracting the amount paid by the company from the total premium cost, which gives us $976.20.

To calculate the percentage, we divide the amount paid by Carlos ($976.20) by the total premium cost ($3,254.00) and then multiply by 100 to get the percentage.

So, the percentage of the premium cost paid by Carlos is (976.20 / 3,254.00) * 100 = 30%.