When a merchant imported a certain item, she 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 $112.70, what was the total value of the item? Select the correct option:
A) $2420	B) $2610	C) $2860	D) $3050	E) $3270
Let x be the value of the item.   0.07*(x-1000) = 112.70   x = 2610   The answer is $2610.
<result>B</result>
When a merchant imported a certain item, she 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 $112.70, what was the total value of the item?