The initial pay rate is $16.00. It is also mentioned that the price is marked up by 78.7%. It means that the prices are increased by 78.7%. Also, there is a profit of 10% too. So, the pay rates after mark up will be
$16.00 + (78.7% of 16.00)
= $16.00 + $12.592
=$28.592
And the pay rates after estimated profit is
$28.592 + (10% of $28.592)
= $28.592 + $2.8592
= $31.4512
Hence, the revised bill rate, rounded to the nearest cent is $31.45.