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You will need 12 x 37 cut of carpet which works out to 49.34 yards.
Labor in my area runs $4-5/yard. Add in the cost of carpet and pad per yard, and there you go! You can save money by emptying the room and removing the old carpet, pad, staples and having a clean floor. Leave the tack-strip around the edges though.
good luck!

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Q: What is the cost of carpeting a room 18' X 24'?
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