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 $112.70, what was the total value of the item?
Choices
A) $ 2420 B) $ 2610 C) $ 2860 D) $ 3050 E) $ 3270

Rationale: "let x be the value of the item . 0.07 * ( x - 1000 ) = 112.70 x = 2610 the answer is b ."
Answer: B