Final answer:
To determine the cost of one slice of pizza (p), divide the total cost by the number of slices: $12.37 divided by 5 equals $2.474. Since this is not an exact answer option, the closest approximation is $2.45 per slice (Option B).
Step-by-step explanation:
The question requires us to find the cost of one slice of pizza, represented by p, if 5 slices of pizza cost $12.37 in total. To find the value of p, we divide the total cost by the number of slices:
Total cost of 5 slices = $12.37
Therefore, p (cost of 1 slice) = $12.37 ÷ 5
Calculating the division we get:
p = $2.474
Since prices are usually rounded to the nearest cent, p is approximately $2.47, but this is not one of the answer options given. Looking at the options, the closest to our calculated value is $2.45 (Option B), which is an acceptable approximation for the cost of one slice.