One third of one half of anything
is one sixth of the same thing.
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3/8 of a cup.
Half of one-fourth of a cup is one-eighth of a cup.
1 1/3 cups
If you are asking what is one-third of a pound and a half, the answer is one-half pound.
Half of 1.5 cups is 0.75 cups, or three quarters of a cup.