DeWitt Company sells a kitchen set for $$475.$ To promote July $4,$ DeWitt ran the following advertisement:

Assume Ingrid Swenson buys the set $1$ hour and $50$ minutes into the sale.

Using the information given above, answer the following questions:

What is the net price equivalent rate for Ingrid's purchase.

How much does Ingrid pay for the kitchen set?

What is the single equivalent discount rate for Ingrid's purchase.