Answer: 12-ounce bag is better by $0.02 per ounce
Concept:
When coming across questions that ask for a comparison between prices, we should make the final unit [price per object].
In finding [price per object], simply do [Total price / number of objects].
Solve:
A 12-ounce bag of rice costs $4.08
Total price / number of objects = 4.08 / 12 = $0.34 per ounce
A 16-ounce bag of rice costs $5.76
Total price / number of objects = 5.76 / 16 = $0.36 per ounce
$0.36 - $0.34 = $0.02
$0.34 < $0.36, therefore, 12-ounce bag is better by $0.02 per ounce.
Hope this helps!! :)
Please let me know if you have any questions