To answer this question we need to remember that 1 pound is equal to 16 ounces.
With this in mind we have that:
[tex]\begin{gathered} 16\text{ oz}\rightarrow1\text{ lb} \\ 4\text{ oz}\rightarrow x \end{gathered}[/tex]Then we have:
[tex]x=\frac{4\text{ oz}\cdot1\text{ lb}}{16\text{ oz}}=0.25\text{ lb}[/tex]This means that each steak weighs 6.25 lb. Now, since each steak cost $4.00 this means that each steak cost:
[tex]4(6.25)=25[/tex]Therefore each steak cost $25.00 and the total cost for the two steaks is $50.00