Jerry's Garage accepted $700 in counterfeit bills for a repair job. The company's insurance policy covers losses from counterfeit money up to $1,000 with a $250 deductible. What is the out-of-pocket loss experienced by Jerry's Garage?

Jerry's Garage accepted $700 in counterfeit beils for a iopair job. The company's insurance policy covers losses from counterfeit monoy up to $1,000 with a $250 deductiole. What is the out-of-pocket loss experienced by Jerry's Garage