Sarita had $\mathrm{Rs}. 500$. She bought fruits for $\mathrm{Rs}.120.55$, vegetables for $\mathrm{Rs}.65.89$, and bakery items for $\mathrm{Rs}.54.16$. How much money is left with her?

Given:

Money Sarita had $=\mathrm{Rs}. 500$

She spent on fruits $=\mathrm{Rs}.120.55$

She spent on vegetables $=\mathrm{Rs}.65.89$

She spent on bakery items $=\mathrm{Rs}.54.16$

Money left with her $=?$

At first we will add the money spent by sarital on various items. So,

$120.55+65.89+54.16=\mathrm{Rs}.240.60$

Then we will subtract the money spent by her from the money she had. So,

$500-240.60=\mathrm{Rs}.259.40$

Therefore, the money left with her is $\mathrm{Rs}.259.40$

Hence option C is correct.