The cost per pound of peanut given that 3 pounds cost $7.50 is $2.50
Given the Parameters :
- Total cost of 3 pounds of peanut = $7.50
- Amount of peanut in pounds = 3
The cost per pound of peanut, which is the cost of 1 pound of peanut can be calculated thus :
Total cost of 3 pounds ÷ Amount of peanut in pounds
Cost per pound = ($7.50 ÷ 3) = $2.50
Therefore, the cost per pound of peanut is $2.50
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