most insurance companies will replace a vehical anytime an estimate repaire exceeds 80 % of the "blue book" value if the vehical. Michelles insurance company paid $7500 for repaires on her car after an accident. what can be concluded about the blue book value of the car?

Question

mathstudent55 · Answer

This means that $7500 is at most 80% of the value of her vehicle. Do a proportion to find the full blue book value:
Full value: 100%
$7500: 80%

v/100 = 7500/80
Solve for v (value): 80v = 100 x 7500
80v = 750,000
v = 9,375
That means her vehicle is worth at least $9,375