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Source: GWD

Level: 3

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?

  • A 1600
  • B 1850
  • C 2250
  • D 2400
  • E 2750

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