Final answer:
$12.50 per pound can be converted into cents per ounce by multiplying the dollar amount by 100 to get cents and then dividing by 16 since there are 16 ounces in a pound, resulting in 78.125 cents per ounce.
Step-by-step explanation:
To convert $12.50 per pound into cents per ounce, follow these steps:
- Understand that there are 16 ounces in a pound.
- Since $12.50 is the price per pound, we first need to convert dollars to cents by multiplying by 100, which gives us 1250 cents per pound.
- Next, divide 1250 cents by 16 (the number of ounces in a pound) to find the cost per ounce.
- So, the conversion is 1250 cents ÷ 16 ounces = 78.125 cents per ounce.
Therefore, $12.50 per pound is equivalent to 78.125 cents per ounce.