To find the price per pound of potatoes, you can set up the equation as follows:
Let \( P \) be the price per pound.
The total price paid is $3.95 for 5 pounds of potatoes. You can express the relationship as:
\[ P \times 5 = 3.95 \]
To find \( P \), divide both sides of the equation by 5:
\[ P = \frac{3.95}{5} \]
Now, calculate the value:
\[ P = 0.79 \]
So, the price per pound of potatoes is $0.79.