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.
Explanation:
1) An 8-ounce rice package costs $3.04
Cost of an ounce of rice =
![(\$3.04)/(8)=\$0.38](https://img.qammunity.org/2021/formulas/mathematics/high-school/gvapui0jbs6qd8namh0d0dh7rtoxmd2fkp.png)
2) An 14-ounce rice package costs $5.04
Cost of an ounce of rice =
![(\$5.04)/(14)=\$0.36](https://img.qammunity.org/2021/formulas/mathematics/high-school/qshqud9vc574zfb1golzszu0mbgi9xhzq3.png)
3) An 26-ounce rice package costs $9.62
Cost of an ounce of rice =
![(\$9.62)/(26)=\$0.37](https://img.qammunity.org/2021/formulas/mathematics/high-school/xnq0qseg2qo5012a46d45dcgllpva2edof.png)
$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.