As per the problem , we have
Pencils come in packages of 18 and cost $1.99 per package.
As we know if price of n item is$ x then , then the price of one item is $
![(x)/(n)](https://img.qammunity.org/2019/formulas/mathematics/high-school/1efaejlk2ap8f2yzkprmf2nvmvkc4hdm64.png)
Here we are given that ,
Total number of pencil in the package
![=18](https://img.qammunity.org/2019/formulas/mathematics/middle-school/ty9pb2wize7yjjquecevnwpaowfxknxyfc.png)
Price of the package=$1.99
Hence price of one pencil=
![(1.99)/(18)= 0.1105](https://img.qammunity.org/2019/formulas/mathematics/college/sfqtqagk4jhqn3k2yexb2mijb8j038f5rl.png)
The cost per pencil=$0.1105