1. Convert centimeters to meters:

* There are 100 centimeters in 1 meter.

* 150 cm / 100 cm/meter = 1.5 meters

2. Calculate the total cost:

* Cost per meter: $80

* Total meters: 1.5 meters

* Total cost: $80/meter * 1.5 meters = $120

Therefore, the cost of 150 cm of material at $80 per meter is $120.