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ANSWER
0.26
EXPLANATION
Fred buys each flag for f dollars.
Then, he sells them for a markup of 26%.
This means that each flag was sold for an additional 26% of their original prices.
Since the mark up is 26%, it is the same as writing:
[tex]\frac{26}{100}[/tex]Since percent means per 100.
Therefore, writing that as a decimal, we have:
[tex]26\text{ \% = }\frac{26}{100}\text{ = 0.26}[/tex]That is the answer.