Final answer:
To find the price for one pound of chocolate, divide the total price by the number of pounds. In this case, the price for one pound of chocolate is $8.95.
Step-by-step explanation:
To find the price for one pound of chocolate, you need to divide the total price by the number of pounds. In this case, Cody bought 7 pounds of chocolate for $62.65. So, to find the price per pound, you divide $62.65 by 7.
Using the formula:
Price per pound = Total price / Number of pounds
Price per pound = $62.65 / 7 = $8.95
Therefore, the price for one pound of chocolate is $8.95.