A pound of rice crackers costs $2.88. Matthew purchased 1/4 pound of crackers. How much did he pay for the crackers?

He paid $0.72, because $2.88 * (1:4) = $0.72

A pound of rice crackers ... $2.88

1/4 pound of crackers ... $x = ?

If you would like to know how much did Matthew pay for the crackers, you can calculate this using the following steps:

1 * x = 1/4 * 2.88

x = 1/4 * 2.88

x = $0.72

Result: Matthew paid $0.72 for 1/4 pound of crackers.