An ice cream vendor bought 48 orange-bars at Rs.4 each and 25 vanilla cups at Rs.9 each. He spent Rs.3 on storage. If he sold all the orange-bars for Rs.240, all the vanilla cups for Rs.200, and the remaining ice for Rs.1. Find his net loss or gain.

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Gain of Rs.21

Loss of Rs.21

Gain of Rs.20

Loss of Rs.20

answer is A.

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Detailed Solution

Concept-
In order to answer this question, we will first determine the cost of 48 orange bars and 25 vanilla cups. then determine the ice cream's total selling price and total cost price. So, apply this idea to the problem at hand in order to find a solution.
Cost price of the orange bars is =

Cost price of the vanilla cups is =

Storage costs came to Rs. 3
Total cost price is now = the price of orange bars + the price of vanilla cups + the cost of storage
Total CP =

Total Selling price =

There is a net gain because the overall selling price is higher than the entire cost price.
Gain = total SP - total CP

Hence, the correct answer is option 1) Rs.21

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