If we rewrite the model in easier terms:
Cost of Shipping = 2.72 * Weight
And if we know what is given: Cost of given shipping = $21.76
And we know what the question is asking for: Weight in nearest hundredth of a pound
Then we plug in what we know, and solve for what we need:
$21.76 = 2.72 * Weight (Divide both sides by 2.72. The 2.72 on the right side cancels out)
$21.76 / 2.72 = Weight (Calculate 21.76 / 2.72)
8 pounds = Weight (Since it is evenly 8, not necessary to round to nearest hundredth)