A Pound of Oranges

Two market traders were selling oranges. One was selling 30 oranges for £1, whilst the other offered 20 for £1. One afternoon they were both called away, and each had 300 oranges unsold. These were handed to a friend to sell at 50 for £2. It will be seen that if they had sold there oranges seperatley, they would have made £25, but when they were sold together, they fetched only £24.
So what happened to the missing £1? surely, 30 for £1 and 20 for £1 is the same as 50 for £2, isn't it?