Step 1:
First, let's convert all of the numbers on the numerator side to decimals. Food Queen, Fresh Farm, and Local Eats are already in decimals, but Grocery Smart is not. 1/4 is 25%, which is equal to 0.25.
Step 2:
We need to convert all the values to represent the price of one pound. To do that, we just divide as written.
Food Queen: 3.00 ÷ 6 = 0.50
Grocery Smart: 0.25 ÷ 0.5 = 0.50
Fresh Farm: 3.00 ÷ 4 = 0.75
Local Eats: 0.49
Our answer: C. Local Eats. $0.49