A certain boxer has agreed to pay his opponent a fee of 3% 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?
Choose the most appropriate option:
A) $65,625	B) $105,000	C) $125,000	D) $183,750	E) $1,050,000
.03*7= 
<gadget id="calculator">.03*7</gadget>
<output>0.21</output>
.21   26250/.21= $125,000   Answer: $125,000
<result>C</result>
A certain boxer has agreed to pay his opponent a fee of 3% 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?