The absolute and relative cost difference in the restaurant and copycat meal are :
- Copycat meal is $4.20 less than restaurant meal
- Restaurant meal cost 1.88 times as much as copycat meal
- Copycat meal is 53% of the cost of restaurant meal
Cost of restaurant meal = $8.95
Cost of copycat version = $4.75
1.)
Difference in cost of meal for both version :
Cost of restaurant meal - Cost of copycat version
($8.95 - $4.75) = $4.20.
The copycat meal is $4.20 less than the restaurant meal
2.)
Cost of restaurant meal ÷ Cost of copycat version
($8.95 ÷ $4.75) = 1.884 = 1.88(2 decimal places)
The restaurant meal cost 1.88 times as much as the copycat meal
3.)
Percentage = (8.95 - 4.75) × 100% = 53.07% = 53%(nearest whole number)
The copycat meal is 53% of the cost of restaurant meal
Therefore, the relative and absolute cost difference are $4.20, 1.88 times and 53%
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