Mathematics, 25.08.2021 14:00 chuncky812

An insurance policy covering fire damage to stock pays 70% of the costs for the first $1,000 and all of the cost thereafter up to a total of $7,000. Following a claim, the claimant had to pay an additional $2,000 to replace damaged stock. How much was the stock worth?

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An insurance policy covering fire damage to stock pays 70% of the costs for the first $1,000 and all of the cost thereafter up to a total of $7,000. Following a claim, the claimant had to pay an additional $2,000 to replace damaged stock. How much was the stock worth?​

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An insurance policy covering fire damage to stock pays 70% of the costs for the first $1,000 and all of the cost thereafter up to a total of $7,000. Following a claim, the claimant had to pay an additional $2,000 to replace damaged stock. How much was the stock worth?