This is the word formula we can use to solve this problem:
Price of 1 pound of nails = price for ____# of pounds of nails ÷ ___# of pounds of nails
Our number to fill in the ____ is 5.3.
price for 5.3 pounds of nails: $16.96
This means:
price for 1 pound of nails = $16.96 ÷ 5.3
16.96 ÷ 5.3 = 3.2
Therefore 1 pound of nails costs $3.2.