Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

تمرين 70

In the following application problems, find the amount of the loss paid by (a) the insurance company and (b) the insured. Assume an 80% coinsurance clause.
GIFT-SHOP FIRE LOSS Indonesian Wonder gift shop has a replacement cost of $395,000. The shop is insured for $280,000. Fire loss is $22,500.
(a) _____
(b) _____