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An item was purchased while on sale, with list price of $12,200 and net price of $8,200. Calculate the following. a. Calculate the amount of
An item was purchased while on sale, with list price of $12,200 and net price of $8,200. Calculate the following.
a. Calculate the amount of discount.
Round to the nearest cent
b. Calculate the discount rate.
%
Round to two decimal places
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