To find the sale price of the calendar, we first need to calculate the amount of the discount, which is 1/3 of the regular price.
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Calculate the discount: \[ \text{Discount} = \frac{1}{3} \times 14.55 = \frac{14.55}{3} = 4.85 \]
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Subtract the discount from the regular price to find the sale price: \[ \text{Sale Price} = \text{Regular Price} - \text{Discount} = 14.55 - 4.85 = 9.70 \]
Thus, the sale price of the calendar is $9.70.