Answer: $0.11 or 11 cents
Step-by-step explanation:
Given: The cost price of 12 pencils = $1.35
To find the cost of each pencil, we need to divide the total cost by the number of pencils , we get
The cost price of each pencil =
Therefore, The cost price of each pencil = 
Hence, The cost price of each pencil =
or 11 cents.