Answer:
An 14-ounce rice package costs $5.04 is the best buy. This is because we have to pay less cost of rice per ounce in comparison with other packages.
Step-by-step explanation:
1) An 8-ounce rice package costs $3.04
Cost of an ounce of rice = [tex]\frac{\$3.04}{8}=\$0.38[/tex]
2) An 14-ounce rice package costs $5.04
Cost of an ounce of rice = [tex]\frac{\$5.04}{14}=\$0.36[/tex]
3) An 26-ounce rice package costs $9.62
Cost of an ounce of rice = [tex]\frac{\$9.62}{26}=\$0.37[/tex]
$0.36 per ounce <$0.37 per ounce <$0.38 per ounce
An 14-ounce rice package costs $5.04 is the best buy. This is because we have to pay less cost of rice per ounce in comparison with other packages.