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 $225,000 after weighing in eight pounds over the specified limit, what was the boxer's purse?  Choose the correct choice from the following answers
A) $65,625 B) $105,000 C) $150,000 D) $183,750 E) $1,125,000
.025*8= 
<gadget id="calculator">.025*8</gadget>
<output>0.2</output>
.2   225000/.2= $1,125,000   Answer: $1,125,000
<result>E</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 $225,000 after weighing in eight pounds over the specified limit, what was the boxer's purse?