1/3 pound
This is messy to put into words. Hopefully someone else can clean it up for you.
1 1/3 divided by 4.
Make the 1 1/3 an improper fraction, = 4/3. It may help to think of the whole number, 4, as 4/1.
When dividing fractions, flip the bottom one and then multiply.
So 4/3 over 4/1 becomes
4/3 x 1/4 = 4/12 = 1/3