The price of an item in year 2000 was $p$ dollars. Each year after that the price was $10$ percent greater than the price for the previous year. What was the total percent increase in the price of the item from year 2000 to the year 2003?

- $\quad 30\%$
- $\quad 31.3\%$
- $\quad 32\%$
- $\quad 33.1\%$
- $\quad 36.3\%$

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