To find the cost of 1 pound of ground beef, we need to divide the total cost by the total number of pounds purchased.Total cost = $47.65
Total pounds purchased = 5 1/2 pounds = 5.5 poundsCost per pound = Total cost / Total pounds purchased
Cost per pound = $47.65 / 5.5 pounds
Cost per pound ≈ $8.66So, the cost of 1 pound of ground beef at that rate is approximately $8.66. Therefore, the answer is $8.66.