Question

Mia has $238.12 deducted from his monthly pay for group health insurance. His employer pays 85% of the cost. What is the annual premium?

Answer 1

$238.12

$238.12 -------------------------- 15%

x -------------------------100%

x = (100 x 238.12) / 15

x = 23812/15

x = $1587.5

Annual premium = 1587.5 x 12

= $19050