$.01 is simply one cent, 1 penny. One cent can be written as $.01, or the cent sign (a /c/ with a slash through it). So, $.01 is correct-- if that certain item costs one penny. In the real world, with taxes, dealer prep, etc., a $.01 sale isn't a reality, but for preschool, or kindergarten, it is valid. In a normal, teaching money lesson, for the very young, it is not a mistake. It is okay.
Date published: 2016-12-17