Answer:
Estimated cost is 10 times more than the actual cost
Explanation:
Packages of socks purchased = 50
Price per package = $10
Actual cost = total package purchased * price per package
Actual cost , a = 50 * $10 = $500
Estimated cost, e = $5000
Estimated costs / actual cost
$5000 / $500
= 10
Estimated cost is 10 times the actual cost