A bedroom suite that cost a dealer $1800 less 37.5%, 18% carries a price tag with a regular selling price at a markup of 120% of cost. For quick sale, the bedroom suite was marked down 40% (a) What was the sale price? (b) What was the markup as a percent of cost? (a) The sale price was $ Round to the nearest cent as needed) (b) The rate of markup based on cost is 96 (Round to two decimatplaces as needed)