To find the product of $1.15 and 10, Justin needs to multiply the price by 10. Since multiplying by 10 means increasing the value by a factor of 10, he should move the decimal point in 1.15 one place to the right.
So the correct response is:
He knows that 10 is 10 to the power of 1, so he needs to move the decimal point in 1.15 one place to the right.