John's insurance company will replace his car if repair costs exceed 80% of the car's value. The car recently sustained $8000 worth of damage, but it was not replaced. What was the value of his car?
0.8x = 8,000
x = 8,000/0.8 = $10,000 or more
Thank you for your help.
You're welcome.
To determine the value of John's car, we need to find the amount at which the repair costs exceed 80% of the car's value.
Let's assume the value of the car is represented by V. According to the given information, the repair costs are $8000.
Since the car was not replaced, we can conclude that the repair costs did not exceed 80% of the car's value.
To calculate this, we can set up the following equation:
0.8V = $8000
To solve for V, we divide both sides of the equation by 0.8:
V = $8000 / 0.8
Performing the calculation, we find:
V = $10,000
Therefore, the value of John's car is $10,000.