Digital Devices plans to stop carrying the Casio FC-100 calculator. It normally marks up the calculator from the $72.70 wholesale cost to the regular selling price of $103.95.

a.What is the normal rate of markup on selling price?(Do not round intermediate calculations and round final answer to 1 decimal place.)

Rate of markup%

b.What rate of markdown can be advertised if Digital Devices wishes to clear out the stock at the wholesale cost?(Do not round intermediate calculations and round final answer to 1 decimal place.)

Rate of markdown%