Given: the price of the item = $85.49
The discount = 5/22
So, the complements =
[tex]1-\frac{5}{22}=\frac{22}{22}-\frac{5}{22}=\frac{22-5}{22}=\frac{17}{22}[/tex]So, the net price will be :
[tex]\frac{17}{22}\times85.49=66.06[/tex]So, the answer to the nearest cent = $66.06