SOLUTION: Most insurance companies will replace a vehicle anytime an estimated repair exceeds 80% of the "blue-book" value of the vehicle. Michelle's insurance company paid $7000 for repairs

SOLUTION: Most insurance companies will replace a vehicle anytime an estimated repair exceeds 80% of the "blue-book" value of the vehicle. Michelle's insurance company paid $7000 for repairs

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Question 953252: Most insurance companies will replace a vehicle anytime an estimated repair exceeds 80% of the "blue-book" value of the vehicle. Michelle's insurance company paid $7000 for repairs on her car after an accident. What can be concluded about the blue-book value of the car?
Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
$7000/0.80=$8750 The Blue Book value of the car is probably greater than $8750.
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