Answer: The price of each package will be $4.57 or 4 dollars and 57 cents
Explanation:
Given
Total butcher has total ground beef of mass ,

Price of beef , P = 3.40 dollars per pound
Thus the price of 10.75 pounds of beef ,

Now the whole amount of beef is divided into 8 equal packets
Therefore price of each packet is given by

=>

Thus the price of each package will be $4.57 or 4 dollars and 57 cents