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Amazon says it's $0.05/oz
It's 3.5oz x 12 = 42oz
$1.99 / 42oz = $0.04738 per oz = $0.05 when rounding up
$1.99 / $0.05 = 40 ounces about (since they rounded it to $0.05)
Funny thing I actually just ran out of a 36 pack I bought from 2020 for under $10 so this is excellent timing. These theater boxes are actually larger than the 2.17oz normal size bags you might see at the checkout lane.
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Never doubted the math