Three friends are buying a gift for a friend. Declan contributes 4 dollars more than 1/4 the cost of the gift, Ed contri

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Three friends are buying a gift for a friend. Declan contributes 4 dollars more than 1/4 the cost of the gift, Ed contributes 1 dollar less than 1/3 the cost of the gift, and Frank contributes the remaining 22 dollars. What is the cost of the gift?

A. 48
B. 54
C. 60
D. 66
E. 72

Answer: C

Source: Magoosh