Answer:
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
