Math word problem help needed

Mathematics
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Conway's Hardware suffers $95,000 in fire damage.  The building is valued at $450,000, and the owner has it insured for $300,000 with 80%coinsurance.  How much will the insurance company pay?

Oct 23rd, 2015

Thank you for the opportunity to help you with your question!

.8 * 95000 = 76,000; 95-76 = $19,000 :)

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Oct 23rd, 2015

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Oct 23rd, 2015
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