Store ABC sells 8 lbs. of oranges for $6.00. Store XYZ sells 14 lbs. or oranges for $11.20. Which store is less expensive, and by how much per pound?
1. ABC is less expensive by $.50 per pound
2. XYZ is less expensive by $.50 per pound
3. ABC is less expensive by $.05 per pound
4. XYZ is less expensive by $.05 per pound