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5% of $14 = 70 cents
Because $14 = 1400 cents. (Each $1 = 100 cents)
5 cents on every dollar. 5 x 14 = 70
Or as 5 cents is wrtten as .05 of a dollar (think $1.05 is how $1 with 5 cents would read) - .05 x 14 = .70
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