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Cost Comparison of Food Items: Retail vs. Wholesale

This School Based Assessment compares the costs of five basic food items from Mega Mart and Hi-Lo Food Stores. The analysis reveals that Mega Mart is cheaper for three items, while Hi-Lo is cheaper for two, with a total cost of $14,480 at Mega Mart compared to $14,750 at Hi-Lo. The findings suggest that purchasing from Mega Mart is more economical overall.

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0% found this document useful (0 votes)
20 views10 pages

Cost Comparison of Food Items: Retail vs. Wholesale

This School Based Assessment compares the costs of five basic food items from Mega Mart and Hi-Lo Food Stores. The analysis reveals that Mega Mart is cheaper for three items, while Hi-Lo is cheaper for two, with a total cost of $14,480 at Mega Mart compared to $14,750 at Hi-Lo. The findings suggest that purchasing from Mega Mart is more economical overall.

Uploaded by

rahiquejosephs17
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

MATHEMATICS

SCHOOL BASED ASSESSMENT

Name: Rahqiue Josephs (1004220950)

Stacy-Ann Eagle (1004220518)

Sanjay Myers (1004221328

Teacher’s Name: Mr. Oneal Morrison

Centre: Pre University School

Centre Number: 100422

Year: 2025
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Table of Contents

Pages

Title 2

Introduction 3

Method of Data Collection 4

Presentation of Data 5-6

Data Analysis 7

Discussion of Findings 8

Conclusion 9
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Title

Investigating the comparative cost of basic food items from a retail establishment versus

a wholesale establishment
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Introduction

The purpose of this School Based Assessment is to examine the relative expense of

fundamental culinary essentials procured from a retail vendor in contrast to those

acquired from a wholesale distributor. using the data we collected. I will chose the

establishments that are in close proximity to my neighbourhood.

This project should help in making more informed decisions about daily commercial

activities.

Objectives:

i. I will select five basic food items.

ii. I will collect receipts from both establishment

iii. I will use varies mathematical strategies to make comparisons between both

establishments.

iv. The information collected from both establishments will be used to determine

the better establishment to purchase from.

Method of Data Collection


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a. The two store chosen are Mega Mart, Grocery store, Portmore Road, Saint Catherine,

Tel: 876 - 988 - 1172 and Hi-Lo Food Stores, Supermarket, Braeton Park Way Road,

Saint Catherine, Tel: 876 - 949 - 9196

b. The five basic food items are: Jamaica Gold - cane sugar (5kg), Basmati long-

grained rice (10kg), Frosted Corn Flakes (510g), Simply Natural coconut oil (4L)

and Top Ramen noodle soup (5 pack)

c. I will collect receipt from both establishment

Presentation of Data
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Fig.1.

Mega Mart, Grocery store

Items Quantity Unit Price Total Cost

1) Jamaica Gold - cane sugar (5kg) 2 $935.00 $1,870.00

2) Basmati long-grained rice (10kg) 3 $2,420.00 $7,260.00

3) Frosted Corn Flakes (510g) 3 $650.00 $1,950.00

4) Simply Natural coconut oil (4L) 1 $1,300.00 $1,300.00

5) Top Ramen noodle soup (5 pack) 5 $420.00 $2,100.00

TOTAL $14,480.00

Fig.2.

Hi-Lo Food Stores

Items Quantity Unit Price Total Cost

1. Jamaica Gold - cane sugar (5kg), 2 $980.00 $1,960.00

2. Basmati long-grained rice (10kg), 3 $2,500.00 $7,500.00

3. Frosted Corn Flakes (510g), 3 $610.00 $1,830.00

4. Simply Natural coconut oil (4L) and 1 $1.260.00 $1,260.00

5. Top Ramen noodle soup (5 pack) 5 $440.00 $2,200.00

TOTAL $14,750.00
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Table 1. A bar graph displaying the data collected.

Table 2. Table showing the price difference from both establishment

Items MegaMart Hi-Lo Price

Unit Price Unit Price Difference

1. Jamaica Gold - cane sugar (5kg) $935.00 $980.00 $45.00

2. Basmati long-grained rice (10kg) $2,420.00 $2,500.00 $80.00

3. Frosted Corn Flakes (510g) $650.00 $610.00 $40.00

4. Simply Natural coconut oil (4L) $1,300.00 $1.260.00 $40.00

5. Top Ramen noodle soup (5 pack) $420.00 $440.00 $20.00


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Data Analysis

After constructing the graphs, we notice that the data collected reveals that it is much

cheaper to buy certain food items from either stores.

In Figure 1. The table shows the quantity and the cost of the food items from MegaMart

Grocery Store.

In Figure 2. The table shows the quantity and the cost of the food items from Hi-Lo

Supermarket.

In Table 1. This is a visual display of the items being compared from both

establishments.

In Table 2. The table shows the price difference from both establishment
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Discussion of Findings

The cost of buying Jamaica Gold - cane sugar (5kg) at MegaMart Grocery Store is $45

less than the same cost at Hi-Lo Supermarket.

A 10kg bag of Basmati long-grained rice purchased at Hi-Lo Supermarket is more

expensive by 3.3% than buying it from MegaMart Grocery Store.

A bottle of Simply Natural coconut oil (4L) bought from MegaMart Grocery Store is

more expensive by $40 than buying the same item from Hi-Lo Supermarket.

A box of Frosted Corn Flakes (510g) purchased at Hi-Lo Supermarket is $40 more than

the same item from MegaMart Grocery Store.

The cost of buying Top Ramen noodle soup (5 pack) at Hi-Lo Supermarket is $20 more

than the same cost at MegaMart Grocery Store.


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Conclusion

It was determined through brief investigation and analysis that it is cheaper to purchase

the following basic food items: Jamaica Gold - cane sugar (5kg), Basmati long-grained

rice (10kg), Top Ramen noodle soup (5 pack) at MegaMart Grocery Store rather than at

Hi-Lo Supermarket while it is cheaper to purchase Frosted Corn Flakes (510g) and

Simply Natural coconut oil (4L) from Hi-Lo Supermarket.

The cost of buying the items at MegaMart Grocery Store is $14,480.00 while at Hi-Lo

Supermarket the same items will cost $14,750.00.

From the data we ascertained, it showed us that it would be more affordable and

reasonable if we purchase all the items from MegaMart Grocery Store.

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