Mark Owns a Building That He Insured for $90,000

Multiple Choice

Mark owns a building that he insured for $90,000.The replacement cost of the building is $100,000.Mark's property insurance policy has an 80 percent coinsurance clause.Ignoring any deductible,if Mark's building is destroyed by a covered peril,how much will Mark receive from his insurer?

A) $80,000
B) $90,000
C) $101,250
D) $112,500