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16 August, 15:33

Nolan buys baseball bats to sell in his store. Each bat costs him $19.99 and he is using a mark up rate of 85%. At what selling price will Nolan sell each bat?

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  1. 16 August, 15:51
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    The selling price of each bat is $36.98

    Step-by-step explanation:

    * Lets explain how to solve the problem

    - Nolan buys baseball bats to sell in his store

    - Each bat costs him $19.99

    - He is using a mark up rate of 85%

    - The selling price = cost price + markup

    * Lets solve the problem

    ∵ The cost price of each bat is $19.99

    ∵ The markup is 85%

    - To find the markup multiply its percent by the cost price

    ∴ The markup = 19.99 * 85/100 = $16.9915

    ∵ The selling price = the cost price + the markup

    ∴ The selling price = 19.99 + 16.9915 = 36.9815

    * The selling price of each bat is $36.98
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