To find the cost of sending one text message, divide the total cost by the number of text messages sent.
The total cost is $12.54 and the total number of text messages is 114.
\[ \text{Cost per text} = \frac{\text{Total Cost}}{\text{Number of Text Messages}} = \frac{12.54}{114} \]
Now, let's perform the division:
\[ \frac{12.54}{114} \approx 0.11052631578947368 \]
Rounding to two decimal places, the cost per text message is:
\[ \approx 0.11 \]
Therefore, the cost of sending text messages is approximately $0.11 per text.