SOLUTION: Miguels insurance company will replace his car if repair costs exceed 80% of the cars value. The car recently sustained $8000 worth of damage, but it was not replaced, what is the

Question 146409: Miguels insurance company will replace his car if repair costs exceed 80% of the cars value. The car recently sustained $8000 worth of damage, but it was not replaced, what is the value of the car?

Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!

Let v=car's value

Since the company did not replace the car, this means that $8,000 is less than 80% of the car's value.

So this means we have the inequality

Divide both sides by 0.8

Divide

So our answer is which means that the cars value is greater than $10,000

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