One fluid ounce is.
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There are eight ounces in a cup. There are .125 (or 1/8) cups in an ounce.
The sum of one out of two and three out of four would be a mixed number one and four out of eight or one and one out of two. I am a bit confused about the question so don't trust the answer if it was not what you were looking for.
one half of a cup
1/8, since there are eight fluid ounces in one cup.
One fourth