You buy butter for $5.03 a pound. One portion of onion compote requires 1.7 oz of butter. How much does the butter for one portion cost? Round to the nearest cent.

The cost for 1.7 oz of butter when the pound costs $5.03 is:

54 cents per 1.7 oz.

Explanation:

The reason behind this answer is a whole process so pay attention. First, we need to find the price of Oz. So we are going to find how much ounces compound a pound. That is 16 according to the English system o measurement. Now, after we found out that 16 ounces compound 1 pound we need to divide the price of 1 whole pound to 16 ounces. So we divide 5.03 dollars into 16 parts. That gives us:.314175 cents as a result. Now, to find out the exact price of the 1.7 ounces we need to multiply the price of one ounce for 1.7 which is the ounces we need. Giving us:.53448 cents. However, if we round the cents we end up with 54 cents because the cents get rounded if the number is 5 or bigger.