Last week a small fire in the display area of Simpson shoes LTD$.$ resulted in a loss of $30$ pairs of shoes. The total value claims for the loss was $$1,200.$ The amount of insurance carried on stock is $$75000.$ The actual cash value of the Simpsons stock at the time of the loss was $$120,000.$ The Simpsons Insurance policy contains an $80\%$ co$-$insurance clause. The insurance adjuster offered the Simpson $$937\mathrm{.}50$ for their loss. This amount was arrived at after calculation of the loss as follows: co$-$insurance clause $($formula$)[$Did$/$Should x Loss $=$ Settlement$]$ $$75,000/$$$96,000$ x $$1,200=$ $$937\mathrm{.}50)$

A$.$ The adjuster has made an error in making this settlement offer. Identify the provision contained in the co$-$insurance clause that you would use to show the adjuster that the settlement offer is insufficient.

B$.$ What amount should the adjuster have offered the Simpsons for their loss?

C$.$ If the loss had been $$3000$ how much would be paid under the policy.