Answer :

The cent is $0.01, so to round to the nearest cent, you have to round the nearest 0.0X place (the hundredth place).

The 0.0X place in this is 8, and the number after 8 is 3, so the 8 stays the same and does not go up to 9.

Therefore, $0.08333 rounded to the nearest cent is $0.08

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