Four people share 2/3 pounds of peanuts equally. what fraction of a pound of peanuts does each person receive

1/6 of a pound.

Step-by-step explanation: Divide 2/3 pounds by 4 people. To do this, multiply  2/3 by 4's reciprocal, which is 1/4. The reciprocal of a number is basically the reverse form of that number. 4 as a fraction is 4/1. The reciprocal of that would be 1/4. Hopefully you understand.

2/3 times 1/4 is 2/12. Simplify by dividing 2/12 by 2 and 12's greatest common factor: 2. 2 divided by 2 is 1; 12 divided by 2 is 6. Your final answer is 1/6.