The electric meter reads 2714 kw/h
At the end of the previous month the reading was 1965 kw/h
The cost for each kw/h is 8Cents
To calculate how much kw/h he consumed over the month, subtract to this month's reading the reading for the previous month:

This month the consumed 749 kw/h
Multiply this value to the price per Kw/h

The amount is 5992cents, if you divide it by 100 you'll get the total amount for the electric bill:

The correct option is c. $59.92