how do you find the average cost per ounce of prepackaged items? and then convert to pounds?

I have four items total ounces of 400 and total cost of $23.73

23.73 / 400 = $0.059 per ounce

1 pound = 16 ounces

400 / 16 = 25 pounds

0.059 * 25 = ? cost per pound

Oops -- stupid mistake!

0.059 * 16 = ____ cost per pound

To find the average cost per ounce of prepackaged items, you need to divide the total cost by the total number of ounces. In your case, you have a total of 400 ounces and a total cost of $23.73.

To calculate the average cost per ounce, you use the formula:

Average cost per ounce = Total cost / Total ounces

In this case, the calculation would be:

Average cost per ounce = $23.73 / 400 ounces

Simplifying this division, you find that the average cost per ounce is approximately $0.0593 per ounce.

To convert this average cost to pounds, you need to know the conversion factor. Since there are 16 ounces in a pound, you can use this conversion factor to convert the average cost from per ounce to per pound.

To calculate the average cost per pound, multiply the average cost per ounce by the conversion factor of 16:

Average cost per pound = Average cost per ounce * 16

In this case, the calculation would be:

Average cost per pound = $0.0593 per ounce * 16

Simplifying this multiplication, you find that the average cost per pound is approximately $0.949 per pound.