For storing prices you do not want to use a FLOAT. They are reliant on rounding and can have variable precision based on your system's hardware and/or software configuration.
http://dev.mysql.com/doc/refman/5.0/en/problems-with-float.html
Prices have a fixed decimal which is why you need a fixed decimal data type like DECIMAL.
To declare a DECIMAL column you'll need to specify the total number of digits, and the number of decimal places you'd like.
eg: to store $199.95 the column would need to be DECIMAL(5,2).
These are essentially stored as an integer 19995 and the decimal point is added in on retrieval. In this way you do not need to worry about gaining/losing cents randomly due to floating point precision issues.