$1.47 was spent for 3.2 meters of ribbon.
Because every meter of ribbon is $0.46 you would multiply 3.2 by 0.46 because every meter is considered $0.46. 3.2*0.46=1.472. Because in terms of money you wouldn’t have anything in the thousandths place you would round by the nearest hundredth which will give you 1.47.
