Let the event 
The the probability of the events


The conditional probability

This becomes...........
[(y+7)/7y] x [(14y-5)/(3y^2+21y)]= [(y+7)/7y] x [(14y-5)/3y(y+7)]= [1/7y] x [(14y-5)/3y]= [(14y-5)/21y]
Two-fifths or

is equivalent to the following.

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Let the initial money be x so by question,
3x/5 +1x/5+1200=x
or, 1200= x - 4x/5
or, 1200 = 1x/5
or, 6000= x
hence the initial money was 6000$