Another way is u can use Generics and do this in a single line
Like
int total = ListBox1.Items.Cast<listitem>().Select<listitem,>(s => Convert.ToInt32(s.Text)).Aggregate((a, b) => a + b);
</listitem>
but as per KIM TOGO, the short and sweet
ListBox1.Items.Cast<listitem>().Sum(item => int.Parse(item.Text));</listitem>