I tried dividing 16/.95¢ to find the amount per ounce. The answer I got is ¢16.84 per ounce. Not sure if I rounded correctly but it seems that my answer is wrong? How do I go about this?

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Explanation:
You're dividing in the wrong order.
You divide the price over the number of items to get the unit price.
So you should say 95/16 = 5.9375 which then rounds to 5.9
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Why does it work? Well consider the fact we can set up this ratio
16 ounces : 95 cents
we then divide both sides by 16 to turn that "16 ounces" into "1 ounce"
Doing so leads us to
1 ounce : 5.9375 cents