Final answer:
To determine the cost of one pair of socks, we divide the total cost of $1.75 by 3, yielding $0.5833, which rounds to $0.58 per pair.
Step-by-step explanation:
To find the cost of one pair of socks, we need to divide the total cost of the packages by the number of pairs in each package. The store bought packages of three pairs of socks for 1.75 dollars. To calculate the cost per pair, we use the formula:
Cost per pair = Total cost of packages / Number of pairs
Cost per pair = $1.75 / 3 pairs
Cost per pair = $0.5833...
Rounding to the nearest cent, the cost of one pair of socks is $0.58. Thus, the correct answer is option 2).