Cash point

1st November 2002, 12:00am
Flash Jack went to the cash point.

He drew out the same amount of money as he had in his pocket.

He then spent pound;40 on new clothes.

Jack went back to the cash point.

He drew the same amount of money as he then had in his pocket. He then spent a further pound;40 on new clothes.

Jack did this a third time.

He then had no money left.

How much money did he have with him to start with?