What is the total workers' compensation premium before the 5% safety-program discount?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Prepare for the Virginia Class A Contractor License Exam. Study using flashcards and multiple choice questions, each question equipped with hints and explanations. Ace your exam!

Multiple Choice

What is the total workers' compensation premium before the 5% safety-program discount?

A 5% safety-program discount reduces the premium to 95% of its original amount. To find the pre-discount (original) premium, you divide the post-discount amount by 0.95. If the amount shown after the discount is 643.15, then 643.15 ÷ 0.95 = 677, so the total workers' compensation premium before the discount is 677. This works because applying the discount to 677 yields 677 × 0.95 = 643.15, the post-discount figure used in the problem.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy