Presley bought
1
1
2
yards of fabric for $12.23. How much did Presley pay per foot of fabric? Round to the nearest cent. (1 yard = 3 feet)
Presley bought a total of 4 yards of fabric, since 1 + 1 + 2 = 4.
Presley therefore bought 12 feet of fabric, since 4 x 3 = <<4*3=12>>12.
Presley paid $1.02 per foot of fabric, since 12.23 / 12 = <<12.23/12=1.0191666666666666>>1.02. Answer: \boxed{1.02}.