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[tex]\bf Answer:[/tex]

The price is [tex]\bf $0.75[/tex] per ounce.

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[tex]\bf Explanation:[/tex]

1 pound = 16 ounces

Divide the price by the number of ounces there are in a pound.

12 ÷ 16 = 0.75

Answer:

The price is $0.75 per ounce.

Step-by-step explanation:

1 pound = 16 ounces

Divide the price by the number of ounces there are in a pound.

12 ÷ 16 = 0.75