What is the rate and unit rate of $7.96 for 5 pounds

To calculate unit rate, you are simply finding the unit ($) per rate (pound).  Start by setting up a ratio, in this case, you have $7.96 per 5 pounds.  You want to find the price per pound.  Fractions are just another way to write a division problem, so divide.

$7.96/5 = approx. $1.59 per pound

Hope this helps!