A certain boxer has agreed to pay his opponent a fee of 4% of his total purse for every pound over the specified weight limit he weighs in. If the boxer pays his opponent a fee of $26,250 after weighing in seven pounds over the specified limit, what was the boxer's purse?  Select:
A) $65,625 B) $105,000 C) $150,000 D) $93,750 E) $1,050,000
.04*7= 
<gadget id="calculator">.04*7</gadget>
<output>0.28</output>
.28   26250/.28= $93,750   Answer: $93,750
<result>D</result>
A certain boxer has agreed to pay his opponent a fee of 4% of his total purse for every pound over the specified weight limit he weighs in. If the boxer pays his opponent a fee of $26,250 after weighing in seven pounds over the specified limit, what was the boxer's purse?