Question: Please provide detailed solution on paper. So, I'll know what to do next time. Two-thirds of Jesse Black's inventory was destroyed by fire. Ho sold

Please provide detailed solution on paper. So, I'll know what to do next time.

Two-thirds of Jesse Black's inventory was destroyed by fire. Ho sold the remaining part, which was slightly damaged, for one eighth of its value and received $2500 (a) What was the value of the destroyed part of the inventory? (b) What was the value of the inventory before the fire? (a) The value is $0 (Round to the nearest cent as needed.) (b) The value is $0 (Round to the nearest cent as needed.)

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