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DochEvi [55]
3 years ago
9

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?
Mathematics
1 answer:
ValentinkaMS [17]3 years ago
7 0

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

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