I'm not sure if you wanted 2.5 pounds or 2.5 ounces.
Let's do both.
2.5 pounds of beef at $11.99 per pound--2.5 * 11.99 = $29.98
2.5 ounces of beef at $11.99 per pound--
There are 16 ounces in a pound, so, that would 11.99 / 16 = .75 per ounce
Then 2.5 ounces would be .75 * 2.5 = 1.88
That would be $1.88 for 2.5 ounces.