I agree with Tanyal, might loose sales if you price at $4.00 per years at the first since with coupons you can find fabric at that price. I'd price at $3.00 to start and measure the yardage and price it at that length. If you have yardage of more then 2-3 yards cut it to that length and make two Do not offer to cut to specific lengths! Fat quarters around .75 and put them in bundles of 6 at $4.50 and the scrap bags as mentioned above.
I did the same thing at a Guild sale and it worked great and people bought more having having it bundled. Also most quilters done want more then 2-3 yards of one kind.
The last hour I reduced my prices to $2.00 a yard with fat quarters at $.50 each and split the bundles.
I also arranged the yardage by color or theme.
Sold just about everything and had more people at my table than the others who started too high and didn't realize that people buy by price points.