Math Problem Statement

most insurance companies will replace a vehicle any time an estimated repair exceeds 80% of the "blue-book" value of the vehicle. Michelles insurance company paid $7,500 for repairs on her car after an accident. what can be concluded about the blue-book value of the car?

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Inequality
Percentage

Formulas

7500 ≤ 0.80 * x
x ≥ 7500 / 0.80

Theorems

Basic principles of inequalities
Percentage calculation

Suitable Grade Level

Grades 8-10