When Leo imported a certain item, he made 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? Select one of the following answer choices A $1,600 B $1,850 C $2,250 D $2,400 E $2,750 Submit Log in or register to post comments