Answer: The unit cost for a pound of sugar is $0.75. This means that for every pound of sugar, it costs $0.75.
Explanation:
To find the unit cost for a pound of sugar, we need to divide the total cost of the 4 lb bag of sugar by the weight of the bag.
Unit cost = Total cost / Weight
Total cost = $2.99
Weight = 4 lbs
Unit cost = $2.99 / 4 lbs = $0.75 per pound
So, the unit cost for a pound of sugar is $0.75. This means that for every pound of sugar, it costs $0.75.
It's worth noting that this calculation gives us the unit price of the sugar, which is the price per pound of sugar, and not the unit cost which is the total cost of production divided by the total number of units produced.
It's also worth noting that some sellers may use different units of measurement, and you should always check that you are comparing the same units when comparing prices.