Five friends, Peter, Eric, Melyssa, Tony, and Carl, are pooling their money to buy a $1300 item. Peter has twice as much money as Melyssa. Tony has $60 more than Peter. Carl has 20% more than Tony and Eric has twice as much as Peter. If they put all their money together and spend the $1300, they will have $38 left. How much money does Peter have?  Choose the correct choice from the following options: A) $300 B) $270 C) $320 D) $350 E) $220
P= 2M ; T= P+60 ; C= 1.2(T); P=($220/2)   P+M+T+C+$220-1300=38   P+0.5P+P+60+1.2(P+20)+2P = 1338   P+0.5P+P+60+1.2P+24+2P = 1338   P+0.5P+P+1.2P+2P+84 = 1338   P+0.5P+P+1.2P+2P = 1254   5.7P = 1254   P=220   Answer:$220
<result>E</result>
Five friends, Peter, Eric, Melyssa, Tony, and Carl, are pooling their money to buy a $1300 item. Peter has twice as much money as Melyssa. Tony has $60 more than Peter. Carl has 20% more than Tony and Eric has twice as much as Peter. If they put all their money together and spend the $1300, they will have $38 left. How much money does Peter have?