To find the cost per pound, you can divide the total cost by the total weight in pounds.
Given:
- Total cost = $1.16
- Total weight = 3.75 pounds
Cost per pound = Total cost / Total weight
Cost per pound = $1.16 / 3.75
Calculating this gives:
Cost per pound ≈ $0.3093
So, the cost per pound is approximately $0.31.