To convert the price of jelly beans from cents per ounce to dollars per pound, we first need to determine how many ounces are in a pound.
1 pound = 16 ounces.
Since the jelly beans cost 18 cents per ounce, the cost per pound can be calculated as follows:
Cost per pound = Cost per ounce × Number of ounces in a pound
Cost per pound = 18 cents/ounce × 16 ounces = 288 cents.
Now, we convert cents to dollars by dividing by 100:
Cost per pound in dollars = 288 cents ÷ 100 = $2.88.
Therefore, the cost of the jelly beans is $2.88 per pound.