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A wholesale company prices its inventory at $131,998. If the original price of the items was $211,960, find the rate of markdown on the original

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A wholesale company prices its inventory at $131,998. If the original price of the items was $211,960, find the rate of markdown on the original price. The rate of markdown on the original price was %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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