The first step here would be to write out an equation.
$32 ÷ 8 = ?
The reason we are doing thirty-two divided by eight is because this equation will give us the cost of one pound of Cashew Nuts.
Now we solve the equation.
$32 ÷ 8 = 4
So, this means our answer is, The cost of 1 pound of Cashew Nuts is only $4.