Answer:
5/12 of a pound or 0.42 pounds
Explanation:
$1 is 12 times less than $12. So, if the amount of money is divided by 12, than the amount of apples you can buy is also divided by 12:
5/12 = 0.42
You can buy 5/12 of a pound or approximately 0.42 pounds of apples for $1.