SOLUTION: Miguels insurance will replace his car if costs exceed 80% of the cars value. The car substained $11200 worth of damage, but it was not replaced. What was the value of the car. Wh

Question 140594: Miguels insurance will replace his car if costs exceed 80% of the cars value. The car substained $11200 worth of damage, but it was not replaced. What was the value of the car.
What was the value of the car?
Help. Do I multiply 80% by $11200 to get the value of the car?
Answer by jojo14344(1513) (Show Source): You can put this solution on YOUR website!
Let's assigned "x" as the value of the car.
The repair should be LESS or EQUAL to 80% of this value (not exceeding) because he kept the car right? Since the worth of damages is given $11,200, we can only maximize this as the 80% of the car's value since we don't have any other criteria as to what percentage is this to the cost of the car. Putting it into equation,
0.80x=$11,200
x=$11,200/0.80
x=$14,000 , value of the car.
You can only check by reversing the formula, that 80% of $14000=0.80($14000)=
$11,200. Showing this is the maximum worth of damages because it was not replaced.
Thank you
RELATED QUESTIONS
Miguels insurance company will replace his car if repair costs exceed 80% of the cars... (answered by jim_thompson5910)

Miguel's insurance company will replace his car if repair costs exceed 80% of the car's... (answered by rfer)

Miguel's insurance company will replace his car if repair costs exceed 80% of the car's... (answered by josmiceli)

I have two problems that are stumping me. Please help 1. Miguel's insurance company... (answered by Photonjohn)

Miguel's insurance company will replace his car if repair cost 80% of the cars value. The (answered by stanbon)

Hockey player recieve 2 points whan they win and 1 point when they tie .One season a team (answered by jonvaliente)

Bob has a very old car that he;d like to replace. The old car costs $250 each month for... (answered by ankor@dixie-net.com)

Most insurance companies will replace a vehicle any time the estimated repair exceeds 80% (answered by edjones)

Most insurance companies will replace a vehicle any time an estimated repair exceeds... (answered by Theo,greenestamps)