Now that Aniyah’s community garden is up and running, it’s time for her to organize the farmers market. Aniyah is hoping to hold a Grand Opening to introduce the market to her neighborhood. The farmer’s market will feature all the fresh produce that has been harvested. Aniyah reaches out to the professionals who helped her put together the community garden for some help getting the farmer’s market off on the right foot.
Urban farm tech Brandon has agreed to help Aniyah draw up a suggested price list for the items that will be sold. He understands that it is important for the families who spent time growing the crops to be compensated but also that the prices must be reasonable enough so that those in Aniyah’s neighborhood can afford them. Brandon suggests comparing the prices of vegetables and fruits at the local corner stores with those of his own urban farmer’s market. He believes that it would be good to highlight the savings that customers would have by shopping at the farmer’s market.
Using the chart, compare the pricing of a few items that Aniyah’s market will feature. Then, based on the difference, calculate the percentage that locals would save if they bought produce at the farmer’s market instead of at a convenience store. (Of course, we know that many of these fruits and veggies were not available at the convenience store near Aniyah’s neighborhood. So we can use prices from stores further out.)
| Item | Convenience Store Price | Urban Farmer's Market Price |
|----------|------------------------|------------------------------|
| Tomatoes | $1.99/lb | $0.99/lb |
| Apples | $1.49/lb | $0.89/lb |
| Carrots | $0.99/lb | $0.49/lb |
To calculate the percentage saved by shopping at the farmer's market instead of the convenience store, we need to first find the difference in price for each item:
Tomatoes: $1.99 - $0.99 = $1.00 saved
Apples: $1.49 - $0.89 = $0.60 saved
Carrots: $0.99 - $0.49 = $0.50 saved
Then, we can find the percentage saved by dividing the amount saved by the convenience store price and multiplying by 100:
Tomatoes: $1.00 / $1.99 = 50.3% saved
Apples: $0.60 / $1.49 = 40.3% saved
Carrots: $0.50 / $0.99 = 50.5% saved
So, customers could save between 40.3% and 50.5% on these items by shopping at Aniyah's farmer's market instead of at a convenience store.