1. **State the problem:**
Bill Pierson buys a 125-foot roll of latex tubing for 35 and sells all of it for 57.50. We need to find Bill's profit per foot, rounded to the nearest cent.
2. **Identify the formula:**
Profit per foot = \frac{\text{Total Profit}}{\text{Total Feet}}
3. **Calculate total profit:**
Total Profit = \text{Selling Price} - \text{Cost Price} = 57.50 - 35 = 22.50
4. **Calculate profit per foot:**
Profit per foot = \frac{22.50}{125} = 0.18
5. **Interpretation:**
Bill makes 0.18 profit for each foot of tubing sold.
**Final answer:**
Bill's profit per foot is $0.18.
Profit Per Foot
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