A boy saves up $79 for a gift for his friend. However, upon reaching the store, he realizes that he saved 257% of the actual amount he needed to buy the present. How much does the present cost? Round to the nearest cent.

Hint: This is a Part = Percent × Whole problem.

You're given the part (79) and the percent (257%, or 2.57).

Substitute these into the equation to find the whole.