SOLUTION: Miguel's insurance company will replace his car if repair cost 80% of the cars value. The recently sustained $8000 worth of damage, but it was not replaced. What was the value of t

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Question 144050: Miguel's insurance company will replace his car if repair cost 80% of the cars value. The recently sustained $8000 worth of damage, but it was not replaced. What was the value of the car?
I might have a few more questions tomorrow, but i think I can do the next couple by myself...maybe. Thanks for all your help
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Miguel's insurance company will replace his car if repairs cost 80% of the cars value. The recently sustained $8000 worth of damage, but it was not replaced. What was the value of the car?
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Let the value of the car be "x".
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EQUATION:
8000 < 0.80x
x > 8000/0.80
x > $10,000
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Cheers,
Stan H.