The first step would be to create an equation for this problem. You would divide the cost per ounce by the number of ounces. $8.95 ÷ 16 <span>= ? </span><span> Now, all you would have to do it solve it. $8.95 </span>÷ 16 = $<span>0.559375
The last step would be to round to the nearest cent. $</span><span>0.559375 = $0.56