AMC8 2002 Problem 25

Loki, Moe, Nick and Ott are good friends. Ott had no money, but the others did. Moe gave Ott one-fifth of his money, Loki gave Ott one-fourth of his money and Nick gave Ott one-third of his money. Each gave Ott the same amount of money. What fractional part of the group’s money does Ott now have?

Answer Choices
A. \dfrac{1}{10}
B. \dfrac{1}{4}
C. \dfrac{1}{3}
D. \dfrac{2}{5}
E. \dfrac{1}{2}