SOLUTION: Joe received $100 a month allowance in 2000. In 2001, his dad made money in the dot-com bubble and raised his allowance 30%. In 2002, after losing money in the dot-com bust, his a

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Question 252671: Joe received $100 a month allowance in 2000. In 2001, his dad made money in the dot-com bubble and raised his allowance 30%. In 2002, after losing money
in the dot-com bust, his allowance was cut 20%. What is allowance in 2003?
A) $100 B) $104 C) $110 D) $120 E) $130
Answer by palanisamy(496) About Me  (Show Source):
You can put this solution on YOUR website!
Joe received $100 a month allowance in 2000.
In 2001, his father raised his allowance by 30%.
So in 2001, Joe's monthly allowance = 100+30 = 130$
In 2002, his father cut his allowance by 20%.
So in 2002, Joe's monthly allowance = 130*(100-20)/100
= 130*80/100
= 104$