Arthur purchased a sofa for his living room and paid $1,000 for it. He insured his personal property at his apartment on an actual cash value basis. Three years later, the sofa had depreciated by 25 percent when it was destroyed by a fire from a candle left burning too close to a throw pillow on it. At the time of loss, a comparable replacement sofa cost $1,200. How much will Arthur receive from his insurer to replace the sofa?