To answer this question we need to remember that 1 pound is equal to 16 ounces.
With this in mind we have that:
![\begin{gathered} 16\text{ oz}\rightarrow1\text{ lb} \\ 4\text{ oz}\rightarrow x \end{gathered}](https://img.qammunity.org/2023/formulas/mathematics/college/prarju1497f510qmwoaz20j4ig664k8xnp.png)
Then we have:
![x=\frac{4\text{ oz}\cdot1\text{ lb}}{16\text{ oz}}=0.25\text{ lb}](https://img.qammunity.org/2023/formulas/mathematics/college/nct9nix1sds24zh49wdflyzjzo92rbrnjl.png)
This means that each steak weighs 6.25 lb. Now, since each steak cost $4.00 this means that each steak cost:
![4(6.25)=25](https://img.qammunity.org/2023/formulas/mathematics/college/ot40d4tuvi45f568u4ggravd7ap8sqrat5.png)
Therefore each steak cost $25.00 and the total cost for the two steaks is $50.00