Final answer:
After comparing the cost per ounce for bulk cranberries and an 8-ounce package, it is determined that bulk cranberries at $0.15625 per ounce are a better deal than the 8-ounce package at $0.1875 per ounce.
Step-by-step explanation:
To determine which is the better buy between bulk cranberries at $2.50 per pound and an 8-ounce package for $1.50, we need to compare the price per ounce for both options.
First, note that there are 16 ounces in a pound.
So at $2.50 per pound, the price per ounce for the bulk cranberries is :
$2.50 / 16 = $0.15625 per ounce.
Next, the 8-ounce package costs $1.50, which gives us :
$1.50 / 8 = $0.1875 per ounce.
Comparing the two prices per ounce, we see that the bulk cranberries at $0.15625 per ounce are less expensive than the 8-ounce package at $0.1875 per ounce.
Therefore, the bulk cranberries are the better buy.