First, we have to understand that the floor coorresponds to an area. That means we will have to use a quadratic relation.
[tex]\begin{gathered} (\frac{5}{4})^2=\frac{x}{288} \\ \frac{25}{16}=\frac{x}{288} \\ 16x=25\cdot288 \\ 16x=7200 \\ x=\frac{7200}{16} \\ x=450 \end{gathered}[/tex]Answer: It will cost $450 to refinish the larger wood floor.