Bill Pierson buys a 125-foot roll of latex tubing for $35 . Bill cuts the tubing into shorter pieces and resells all of it for a total of $57.50 . Compute Bill's profit per foot. (Round to the nearest cent.)
$57.50 - $35 = $22.50 total profit; $22.50 ÷ 125 feet = $0.18 profit per foot
Or, 57.50 ÷ 125 feet = $0.46 revenue per foot; 35 ÷ 125 feet = $0.28 cost per foot;
$0.46 - $0.28 = $0.18 profit per foot
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