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➷  Divide the price by 12 to find the price:

12.96 / 12 = 1.08

The sport socks cost $1.08 each.

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ANSWER:  

The cost or price of the each sport socks is $0.54

SOLUTION:

Given, cost of 12 pairs of socks is $12.96

First, we will calculate price of each pair of socks

Now, cost of each pair is total amount divided by the total number of pairs

cost of each pair = [tex]\frac{\text {total amount}}{\text {total number of pairs}}[/tex]

[tex]=\frac{12.96}{12} = 1.08[/tex]

Now, cost of each socks,

Each pair has two socks , so cost of each socks = [tex]\frac{\text { cost of each pair of socks }}{2}[/tex]

[tex]=\frac{1.08}{2} = 0.54[/tex]          

Hence, the cost or price of the each sport socks is $0.54