X and Y are partners in a firm. X is entitled to a salary of Rs. 2,000 per month together with a commission of 10% of net profit before chargin any commission. Y is entitled to a salary of Rs. 5000 per annum together with a commission of 10% of net profit after charging all commissions. Net profit before charging any commission for the year was Rs. 55,000. What will be the net profits to be distributed to X and Y respectively?

A. Rs. 20,000 and Rs. 2,30,000

B. Rs. 2,15,000 and Rs. 23,500

C. Rs. 22,000 and Rs. 22,500

D. Rs. 22,350 and Rs. 22,450

E. Rs. 22,500 and Rs. 22,500

Answer: Option E