A certain boxer has agreed to pay his opponent a fee of 2.5% 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 eight pounds over the specified limit, what was the boxer's purse? Choose the correct option:
A) $65,625 B) $105,000 C) $150,000 D) $131,250 E) $1,050,000
.025*8= 
<gadget id="calculator">.025*8</gadget>
<output>0.2</output>
.2   26250/.2= $131,250   Answer: $131,250
<result>D</result>
A certain boxer has agreed to pay his opponent a fee of 2.5% 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 eight pounds over the specified limit, what was the boxer's purse?