DeWitt Company sells a kitchen set for $445. To promote July 4, DeWitt ran the following advertisement: Beginning each hour up to 4 hours we will mark down the kitchen set 12%. At the end of each hour, we will mark up the set 2%. Assume Ingrid Swenson buys the set 1 hour 50 minutes into the sale. a. What will Ingrid pay? (Round your answer to the nearest cent.)

b. What is the markdown percent? (Enter your response as a percentage rounded to two decimal places.)