Gilbert's employer matches 12% of Gilbert's contributions to his 401(k) plan. If Gilbert's employer contributed $600 to the plan last year, how much did Gilbert contribute to the plan last year?

A. $5600
B. $5000
C. $4400
D. $7200

Question

Gilbert's employer matches 12% of Gilbert's contributions to his 401(k) plan. If Gilbert's employer contributed $600 to the plan last year, how much did Gilbert contribute to the plan last year?

 		A.	$5600
 		B.	$5000
 		C.	$4400
 		D.	$7200

timaashorty · Answer

You just need to devide $600  by the percentage to get price he contributed to last year.

$$600 \div .12 = x$$
$$x = 5,000$$

Therefore it's B.  $5,000.