To calculate [tex]7\dfrac{1}{4}\%[/tex] from $1,540 you have to consider proportion:
$1,540 - 100%
$x - [tex]7\dfrac{1}{4}\%[/tex]
Mathematically,
[tex]\dfrac{\$1,540}{\$x}=\dfrac{100}{7\frac{1}{4}},\\ \\\$x=\dfrac{\$1,540\cdot 7\frac{1}{4}}{100}=\dfrac{\$11,165}{100}=\$111.65.[/tex]
Answer: $111.65
