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The 5th graders want to raise money for their overnight camping trip by selling cornbread during the school Chili Cook-Off contest. All the pans of cornbread are square. A pan of cornbread costs $12. The customers can buy any fractional part of a pan of cornbread and pay that fraction of $12. For example, ½ of a full pan costs ½ of $12.

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Answer:

1 / 12 ; $1

Step-by-step explanation:

Pan was 1/4 full and she buys 1/3 of the cornbread in the pan

The fraction of cornbread she buys is :

1/3 of 1/4

1/3 * 1/4 = 1/12

Hence, she bought 1/12 of cornbread

The amount she pays :

Cost of 1 pan = $12

Therefore, the cost of 1/12 of a pan will be :

1/12 * $12 = $1

Hence, she'll pay $1