When a merchant imported a certain item, he paid a 7 percent import tax on the portion of the total value of the item in excess of $1,000. If the amount of the import tax that the merchant paid was $94.50, what was the total value of the item?
Pick
A) $2,350	B) $2,850	C) $3,250	D) $3,400	E) $3,750
Let x be the value in excess of $1,000.   0.07x = 94.5   x = $1,350   The total value was $1,350 + $1,000 = $2,350.   The answer is $2,350.
<result>A</result>
When a merchant imported a certain item, he paid a 7 percent import tax on the portion of the total value of the item in excess of $1,000. If the amount of the import tax that the merchant paid was $94.50, what was the total value of the item?