2002 AMC 8 Problems/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?

$\text{(A)}\ \frac{1}{10}\qquad\text{(B)}\ \frac{1}{4}\qquad\text{(C)}\ \frac{1}{3}\qquad\text{(D)}\ \frac{2}{5}\qquad\text{(E)}\ \frac{1}{2}$