Final answer:
The price of 1 pound of potatoes is $0.75.
Step-by-step explanation:
To find the price of 1 pound of potatoes, we use the given ordered pair (4, 3), where x represents the number of pounds of potatoes and y represents the price in dollars. In this case, x is 4, and y is 3. Since the relationship is proportional, we can set up a proportion:
![\[ (x_1)/(y_1) = (x_2)/(y_2) \]](https://img.qammunity.org/2024/formulas/mathematics/high-school/yci5bl11lwuoj3zq8oxvkwnvprsdbdh1u6.png)
Plugging in the values from the ordered pair, we get:
![\[ (4)/(3) = (x)/(1) \]](https://img.qammunity.org/2024/formulas/mathematics/high-school/dgtl45bjgu76lm141emzuemdo988h7myzf.png)
Cross-multiplying to solve for x, we find that
. Therefore, the price of 4 pounds of potatoes is $3.
To find the price of 1 pound, we divide the total price by the number of pounds:
![\[ \text{Price per pound} = \frac{\text{Total price}}{\text{Number of pounds}} \]](https://img.qammunity.org/2024/formulas/mathematics/high-school/3ri4azy8b64nh6uzamu5t1nipz346v7b27.png)
Substituting in the values, we get:
![\[ \text{Price per pound} = (3)/(4) = 0.75 \]](https://img.qammunity.org/2024/formulas/mathematics/high-school/a0imb5m80oce5ciz0nr61qhaw1fgb3eox9.png)
So, the final answer is that the price of 1 pound of potatoes is $0.75.