Employee Benefits John's company issues employees a contract that identifies salary…

MATHEMATICS · Subjective · CBSE · Mathematics · Fractions in Disguise · Fractions in Disguise

Problem

48. Employee Benefits John's company issues employees a contract that identifies salary and the company's contributions to pension, health insurance premiums, and disability insurance. The company uses the following formulas to calculate these values.
Salaryxx (dollars)
Pension12%12 \% of salary
Health insurance3%3 \% of salary
Disability insurance0.4%0.4 \% of salary
If John's total contract with benefits is worth $48,814.20\$ 48,814.20, what is his salary?

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