Question

Lakshit allocates his income in the following manner: 24% is spent on food. After food expenses, he uses 25% of the balance on rent. He spends one-third of the remaining amount on entertainment. Following these expenses, he spends 25% of what's left on miscellaneous items. He saves the remaining sum, which amounts to Rs. 11,970. Calculate his total income. 

A Rs. 45,000
B Rs. 42,000
C Rs. 39,000
D Rs. 49,000
E None of these
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