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 $111.30, what was the total value of the item?  Choose one.
A) $2380  B) $2590  C) $2760  D) $2940  E) $3150
Let x be the value of the item.   0.07*(x-1000) = 111.30   x = 2590   The answer is $2590.
<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 $111.30, what was the total value of the item?