a coinsurance clause in a property insurance contract encourges the insured to inscure the property to a stated percentage of it is insurable value if the coinssurance requirment is not met att the time of the loss where the property owner insures for less than the amount required by the coinssurance clasue than he will share the loss with insurance company according to the coinssurance using following formla amount recovary = (amount of insurance carried / amount of insurance required ) x loss based on that if the building value is $1,000,000 the coinssurance requirment is 90% the required amount of insurance is 900,000$ and the actual amount of insurance is $600,000 while the amount of loss is $300,000 how mush the amount the owner will absorb as coinssurance penalty?

a $200,000

b $300,000

c $100,000

d $600,000