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$0.07

When writing fractional amounts with a decimal point be VERY careful not to confuse the $ sign and the ¢ sign. It's common to find prices in stores that are written incorrectly, e.g. 0.50¢ when the amount is supposed to be 50 cents.

Because a decimal point in a price indicates anything to the right of it is divided by 100, "0.50¢" isn't 50 cents, it's 50/100 of a cent - or half a penny!!

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Q: What would 7 cents look like with a decimal point?
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