When Leo 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 Leo paid was $87.50, what was the total value of the item?  Choose the correct choice from the following
A) $1,600	B) $1,850	C) $2,250	D) $2,400	E) $2,750
Let the value of the item be $x, then 0.07(x−1,000)=87.5--&gt; x−1,000=1,250x−1,000=1,250 --&gt; x=2,250.   Answer: $2,250.
<result>C</result>
When Leo 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 Leo paid was $87.50, what was the total value of the item?