Answer:
The price of a loaf of bread in dollars and cents is;
[tex]\begin{gathered} \text{ \$1.50} \\ or \\ 1\text{ dollar and 50 cents} \end{gathered}[/tex]Explanation:
Given that;
The ratio of a price of dozen eggs is the price of a loaf of bread is 5:3
And together dozen eggs and a loaf of bread cost $4.
The price of a loaf of bread in dollars and cents is;
[tex]\begin{gathered} b=\frac{3}{3+5}\times\text{ \$4} \\ b=\frac{3}{8}\times\text{ \$4} \\ b=\frac{\text{ \$12}}{\text{8}} \\ b=\text{ \$1.50} \\ \end{gathered}[/tex]The price is the ratio of a loaf of bread divided by the total ratio multiplied by the total cost of the two items.
Therefore, the price of a loaf of bread in dollars and cents is;
[tex]\begin{gathered} \text{ \$1.50} \\ or \\ 1\text{ dollar and 50 cents} \end{gathered}[/tex]