We have been given that bought a pound of confetti for $12. We are asked to find price per ounce of confetti.
We know that 1 pound equals 16 ounces. To find cost of per ounce confetti, we will divide total cost by 16 as:
[tex]\text{Cost of per ounce confetti}=\frac{\$12}{16}[/tex]
[tex]\text{Cost of per ounce confetti}=\frac{\$3}{4}[/tex]
[tex]\text{Cost of per ounce confetti}=\$0.75[/tex]
Therefore, the cost of per ounce confetti is $0.75