Business Administration (MBA or M.B.A.) Question:

Apples are bought at 15 for a rupee and a same number of apples at 18 for a rupee. If these are mixed and sold at 17 for a rupee, then the loss or gain % is:
1) loss of 0.99%
2) loss of 3.74%
3) gain of 1.50%
4) loss of 1.25%