A furniture supplier lists a dining room set for $1,800 and offers trade discounts of 25%, and 10% to its retailers. The retailer's overhead expenses are 29% of cost and operating profit is 22% of the cost. After three months, the price is reduced to $1,614.

1. What is the rate of markdown at the sale price? Your answer should be accurate to two decimal places. Markdown =$
2. What is the break-even price of the set? For full marks your answer(s) should be rounded to the nearest cent .Break-even price = $