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Sq/ft is only a little relevant. Dimensions are what matters. E.g. If your room is 10x18 (20 sq/yd) , you'll need a piece of carpet that's 12x18 (24 yards).
I can't seem to find any pricing on Mohawk carpet (other then pre-sized area rugs).
Yes, you need to take the time to educate yourself about different types of carpet. Also, if price is such a concern, get estimates from several stores and compare--just make sure you understand what carpet you're getting and exactly what the installers will do so you can compare apples to apples.
I have had great luck with local flooring stores versus the big box stores. I look for one that has been in the business for a long time and check their reputation with locals.
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