Pop Quiz: (Ian the intern backed into a fire hydrant)
I believe the answer is incorrect. It says $500. I believe it's
Damage (given): $600
Deductible (given): $100
Gross: $500
Quota Share % (given): 60%
Net: $300
It looks like you're new here. If you want to get involved, click one of these buttons!
I believe the answer is incorrect. It says $500. I believe it's
Damage (given): $600
Deductible (given): $100
Gross: $500
Quota Share % (given): 60%
Net: $300
Comments
Right. That was my final answer also. I presented the solution in 2 steps where the final answer is $300.