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 $ 109.20 , what was the total value of the item ?
"let x be the value of the item . 0.07 * ( x - 1000 ) = 109.20 x = 2560 the answer is e ."
add(1,000, divide(109.20, divide(7, const_100)))