To find the price per pound of the potatoes, you can set up the equation as follows:
\[ \text{Price per pound} = \frac{\text{Total price}}{\text{Total pounds}} \]
Given that the total price is $3.95 for 5 pounds of potatoes, you can plug in the values:
\[ \text{Price per pound} = \frac{3.95}{5} \]
Now perform the division:
\[ \text{Price per pound} = 0.79 \]
Thus, the price per pound for the potatoes is $0.79.