Question

Pension = 12% of salary

Health Insurance = .3% of salary
Disability Insurance = 0.4% of salary
If Jacob's total contract with benefits is worth $48,814.20, what is his salary

Answer 1

Salary = $43,313.40

Explanation:

Let his salary be x.

Now we're told that;

Pension = 12% of his salary = 0.12x

Health Insurance = 0.3% of salary = 0.003x

Disability Insurance = 0.4% of salary = 0.004x

Since his total contract with benefits is worth $48,814.20

This means that;

x + 0.12x + 0.003x + 0.004x = 48814.2

1.127x = 48814.2

x = 48814.2/1.127

x = $43,313.40