For this case we can solve the problem by applying the following rule of three:
16 ounces ----> 12 $
1 ounces ------> x
Clearing x we have:
x = (1/16) * (12)
x = 0.75 $ / ounce
Answer:
The price, in dollars, per ounce of confetti is:
x = 0.75 $ / ounce